VIP Industries cmp 534.00 by Weekly Chart viewsVIP Industries cmp 534.00 by Weekly Chart views
- Strong Resistance Zone at 538 to 552 Price Band
- Volumes gradually building up over the past few weeks
- Weekly basis Support at 495 > 448 > 401 with Resistance 552 > 590 > 639
- *Back to back Rounding Bottoms in the completion stages at Resistance Zone Neckline*
VIP
VIP Industries ready for the uptrend!🤩💸🔥Buy VIP Industries for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Key triggers for future price-performance:
1) Strong manufacturing capabilities in Bangladesh (for soft luggage) gives VIP an edge over its peers who depend mainly on imports.
2) Given the company’s healthy balance sheet (net debt-free), we expect VIP to be able to manage effectively amid the challenging environment
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✔️ Technically & Fundamentally Strong💪💪
Good QoQ & YoY Q3 result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Bullish channel in VIP IndustriesCHART -> VIP Industries WEEKLY SETUP
Despite Nifty is trading in sideways trend for quite some time now, VIP is showing strength and trading in a bullish channel in weekly time frame.
This shows that chart has a very good strength for a long and strong rally.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Cup and Handle Break Out in VIP IndustriesCHART -> VIP Industries WEEKLY SETUP
A promising Cup and Handle breakout with good volumes, as chart has given weekly close above it's 2018 all time highs.
This should pave the way for new territory to explore for VIP.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
VIPIND - Classic Cup and Handle Breakout PatternThis stock has formed the classic cup and handle pattern indicating a possibility of a breakout. It can be bought at current levels for a near term target of 460 and 480 respectively.
Stop loss can be maintained at 380, which is the bottom of the handle.
Supporting Technicals:
RSI: 66.6 (Bullish but not overbought)
ADX: 34.8 (suggesting strong trend)
MACD is above its center and signal Line, this is a bullish indicator.
SHORT Opportunities in HEROMOTO, IOC, KOTAKBANK,VIP, PVRThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.