1. 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...
V guard inds looking strong on charts
Breaked out of the years of range
Good volume seen in last few days
Rsi shows positive strength
( Educational Purpose )
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1.) Stock has given breakout from 3 years of consolidation.
2.) Rising OBV shows buying interest in stock.
3.) Strong Volume supports bullish breakout.
Support at 215 (Below that avoid)
Target can be 300,360++
Time frame: 1-2 years
* Major Resistance Breakout with extremely high volume in weekly chart and before major breakout price made box pattern also which gives more confidence .. Considering all technical evidences we may see good up move in V-Guard industries Limited .
CMP-270.00 RECO-Buy Entry Range-Rs.275-260.00 Target-320.00/400.00 Stop Loss-235.00 Closing...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
buy above 255 in intraday and swing for swing make sure stock closes of 255 on day close
if you want to take less risk exit from swing trade if closes below 255.
For Intraday Stoploss use 5 minute chart and see nearest support.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
always try to book partially on good move and...