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.
VIPIND
VIP Industries - Channel SwingVIP Industries has been travelling within the channel since an year.
Seems sellers are exhausted driving the price down.
Can enter aggressively for a target of 400.
Stop Loss - 325
Risk - 17 rupees. Reward - 60 rupees. 1:3 Risk Reward setup.
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Happy Trading!
Long view on VIP 🚀Hello, here is the full analysis on NSE:VIPIND, let me know in the comment section below if you have any questions.
I will take a long trade near the 278 price zone.
Target: 285
SL: 275
Time: Near 2 weeks
The entry will be taken only if all rules of the strategies will be satisfied.
I suggest you keep this NSE:VIPIND on your watchlist and see if the rules of your strategy are satisfied.
Please LIKE, COMMENT & FOLLOW, thank you!
HEMANG BHAVASAR
VIP IndustriesA 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 // LONG CALL // ALLIGATOR FIBO COMBOCall for Wednesday July 22nd 2020 // This is a swing trade call and not an intra-day trade //
NSE: VIP INDUSTRIES
CMP / LTP: 284.55
IDEAL BUYING RANGE (If u don't want an aggressive trade, you can wait for a "possible" (not guaranteed)): 275 Around
One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit can be maximized.
TARGET: 340-360+ (Min 20-25% & above) Trail the SL once this target is achieved. Suggested Exit is on 15% on CMP
STOP LOSS: 255-260 (10-12 % Max) around
DURATION: In 15-20 Trading Sessions Target should be achieved
Disclosure: I may or may not have a position in this trade. Please follow the Stop Losses strictly. All the recommendations are subject to market conditions. Please trade at your own risks.
VIP Industries | Trading between 400 & 485VIP 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 398 is breached.
VIP Industries: Breakout Done, Awaiting RetestThe stock has seen a sharp rally in the past couple of days, resulting in a big breakout from a range. The price action today is suggestive of some kind of a corrective move that is underway after the recent spike in price. I would love to see small bodied candlesticks with below average volume over the next few days wherein the price either drifts lower to the breakout zone or gets into a sideways consolidation.
IF this price action unfolds, I would be eager to buy the subsequent breakout. This one is in my watchlist !!