HawkishDove

VIPIND BO [DAILY]

HawkishDove Updated   
NSE:VIPIND   VIP INDUSTRIES
VIPIND came in the screeners recently as volumes have been attracted here. Giving a minor BO here, 21/50 DMA cross would be good if it follows up from here.
Stocks relative strength is still poor but the way volumes have come here these last days, it seems like a reveral.
Keep an eye out for this ahead.
Comment:
Volumes are trying to move this ahead, for now too much supply it seems.
21/50 DMA cross feels to be coming here, will wait for this cross and then see if supply gets absorbed for the price to move further.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.