V-Guard Industries has been consolidating from an uptrend for more than a year forming a Pennant.
This Pennant now appears to be broken. Its certainly worth waiting for confirmation of this breakout and then enjoy the LONG ride!
If you are interested in investing, don't run after Relinfras and DHFLs. Look to buy fundamentally sound stocks which are relatively strong compared to the overall market.
Buy VGUARD at around 190 188 levels with a closing SL below 155 Targets can be 224 240
Inv.Head and shoulder formation is going on. If it finished and go above 237 (closing basis) it may reach the target levels. Daily MACD crossover may happen on upcoming days. It will helps to pattern formation and go above 237.