VIP Industries in recent weeks is in a sideways trend since February. Taking a broader look we could find the price action is forming lower highs and higher lows leading to a triangle pattern.
Currently, the stock looks to be in the middle of both the patterns and only a breakout could give us a clue on next big swing. It would be wise to get in if either 485 or...
It is been observed on the monthly chart that the price action is consolidation between 30-15 levels, and now the price action is trending up and reaching to previous resistance of the consolidation at around 30 levels. It shall further provide a big move once it breaks and close above 30 levels.