CautiousChartist

VIP Industries

Long
CautiousChartist Updated   
NSE:VIPIND   VIP INDUSTRIES
A good safe stock which is fundamentally sound & catering to products whose demand would increase with the end of lockdowns and resumption of activities.

After the breakout, a small pullback is always expected which is when the stock should be accumulated. A safe 15% available for conventional investors with patience.

Technicalities are self explanatory in the chart.
Comment:
The bracket is 13 - 24% depending on where you accumulate
Comment:
Pullback as expected.
Comment:
Should take support and reverse around these levels.

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