#watchlist #VIP (Daily):- BUY ABOVE 420 FOR TARGET 530 TARGET SL BELOW 375 DCB #Disclaimer:-I just shared view for only educational purpose. #priceaction #vip #BREAKOUT
A good level to buy with a positional view. Target - OPEN.
Note: This is for educational purpose only. There is a bullish channel breakout with ultra high volume. RSI above 65 indicates bullish momentum. However, expect some side ways movement/ consolidation before the next bull run.
Nifty - Technical Analysis: -Nifty gaped up around 11550 owing to positive sentiment and buying observed in midcaps and smallcaps due to the recent SEBI circular. -We were unable to sustain above 11,550-11,575 which is a little concerning. Even if it were to take a day or two and then get past those levels, we are in bullish territory. -NSE Nifty settled 24...
Reason- Demand zone formation + Golden crossover
A good safe stock which is fundamentally sound & catering to products whose demand would increase with the end of lockdowns and resumption of activities. After the breakout, a small pullback is always expected which is when the stock should be accumulated. A safe 15% available for conventional investors with patience. Technicalities are self explanatory in the chart.
VIP Industries ltd given strong break out level at 280 today and successfully closed above the levels. we can also seen huge strong buying volumes in past couple of trade. one can accumulate at CMP with immediate target for 360/-
I have never applied technical analysis on VIX as it gives large wicks. VIX is showing positive divergence on RSI. 19 is the zone from where breakout had happened . So now it should act as support. Positive divergence suggest volatility can spike in short term. I will take confirmation of Vix bottom from Trend, RSI and EMA.
Both S&P VIX and India VIX on adecisive downtrend
FOLLOW
FOLLOW I WILL UPDATE AFTER IT REACHES PEAK TRADE AT YOUR OWN RISK