PocketMoneyTrader

VIP Industry is ready to break the big consolidation.

Long
NSE:VIPIND   VIP INDUSTRIES
VIP Industry is ready to break the big consolidation.

1. As the resistance and support are respected by the VIP Industry.
2. As earlier the triangle pattern breakout is given with a big green candle but big
3. profit booking happens on next day.
4. Then those triangle pattern resistance levels act as support levels.
5. Taken the support and resistance 7-8 times. The consolidation time period
is very long.

Ready for a breakout at 525 or might take resistance at 525.

Target 1: 570. (Within 15 days)
Target 2: 650. (Within 30 days)

Stoploss: 425.

Happy trading!
Comment: Stock pattern really good. Soon will give breakout with big volume. Still expect 10-20 % move in one day soon. (probably in next week)
Comment: Breakout Happen today with a good amount of volumes. Target will reach soon.

Happy Trading!
Comment: First target hit successfully.

Happy Trading!