VIPIND is ready to travel further ?VIPIND has formed a cup and handle pattern on Daily/weekly time frame charts. if it closes above the 425 levels for a day, it's a good opportunity to go long. Levels have been mentioned on the chart.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
VIPIND
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.
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.
Please like the post if you find it useful and consider providing your suggestions if there are any. Thank You.
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.