VGUARD 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 -
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...
Positional trade: V Guard CMP: 262 Target: 280/285 Stop Loss: 256
Go long with small SL of 260 for intra, for positional below 250 close. !!
V-Guard: Buying range 251 to 255 Risky SL: 233, Less risky SL is 218 Targets: 274, 285, 300+
Good buying zone between 250 to 270 Buy the dips (until trading above 220) Weak below 210 Can expect 1.5x from here
3 yrs old resistance breakout with retest.. Buy cmp.. Target is very big....
All figures on closing basis.
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 DISCLAIMER ( Educational Purpose ) All investments involve risk. Please Do your analysis before initiating Any trade Good luck !
Breakout with High Volume and but with High RSI Wait for retest. Good Fundamentals and Good Mutual Fund holdings
* 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.