VIP 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*
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...
After a long consolidation, VIP Industries has given a breakout and one can keep stop loss at Rs.620 and go long in this counter. A deeper stop loss has been given to handle the current volatility in the market. Expecting good run in this counter in the next few weeks.
CHART -> 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...
CHART -> 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...
VIP Industries gave a really big Breakout on 12 August 2020 hitting an upper circuit of 20%. Stock is looking really bullish and ready to hit 500 by the end of the year
This 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...
VIP is currently trading near a support zone and has just given a breakout of short term trendline in lower timeframe 30mins.
Lets see if it sustains and go up or not.
(for educational purpose only)
The 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.
