Consolidation breakout is on the cards!Vguard has been consolidating from 2018 in a rising wedge pattern.
Today, the stock has given a breakout of its ATH and is currently looking bullish.
However, the best entry for the stock is 255-260 with a SL of below 235 DCB for minimum target of 300.
The stock can give multibagger after a upward breakout of the pattern.
Idea is shared for educational purposes and should not be considered as a recommendation.
VGUARD
VGUARD OUTLOOKI used Trend Break and Fibonacci retracement tools to discover VGUARD stock's recent uptrend break and then reversed to previous levels to find probable support levels.
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk tolerance before trading.
V-Guard Industries LimitedVGUARD:- Stock has formed head and shoulders pattern wait for proper breakout till then keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
VGAURDNSE:VGUARD
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
VGUARD - Low Risk SetupV-Guard Industries Ltd. engages in manufacturing, trading, and selling of electronic and electro mechanical products. It operates through the following segments: Electronics, Electrical, and Consumer Durables.
1-Year Beta 0.6474
Debt to Equity Ratio 0.0521
Price to Earnings Ratio 41.4143
52 Week High 285
52 Week Low 208
vguard investment ideahello traders, i have been a little unwell for a while and we need to back back to trading again. As we can see it is chart of v guard and i would play this trade if it closes above lower horizontal line for target of 309-318
and if you are already long maintain stop of 251 or rising trendline or add more quantity here
good luck
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
see my super hit tata motors call:
#VGUARD .. Watch for bounce back from supportVGUARD is a fundamentally strong company. It has come out of a 4 year long consolidation in range and has given a breakout with retesting completed.
Currently the price lacks momentum however, current structure is very bullish and can easily resume moving upwards during next week.
VGUARD has almost 2X twice after giving similar breakouts. See below -
V Guard - BULLISH1. V- Guard has consolidated for month and half in 250 - 270 zone and it's now in strong support zone.
2. It's also above 200, 150 and 50 EMA which shows good trend.
3. ADR is contracting significantly, which shows an impulse is pending soon.
4. 16th July has inside CPR with contracted CPR, which infers a high probability of trending day.
5. Also, since many states have unlocked, expect demand to surge soon.
6. Earnings is in July which should show good signs.
7. Can buy at CMP or 251 or 284 for conservative traders with SL of 8% from entry price. Target will be 300 in short term and medium term target is 330-340.
8. Lastly Monthly pivot has HV relationship with narrow CPR. So, chances of trending is high.
9. Fundamentally stock is overpriced.
10. D/E ratio is 0.7 which is very good.
11. Very good cash flow company.
12. FII and MF has high investments into company ( BLACKROCK has increased from 0.4% to 5% holdings) and promoters have increased shareholdings.
13. Finally, invest wisely with strict SL and position size.
Bonne chance!!
@Sacredmonkey