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.
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.
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/-
VIP Industries in recent weeks is in a sideways trend since February. Taking a broader look we could find the price action is forming lower highs and higher lows leading to a triangle pattern.
Currently, the stock looks to be in the middle of both the patterns and only a breakout could give us a clue on next big swing. It would be wise to get in if either 485 or...