Fundamentally good company. Once schools & colleges are open we can expect some strong upward movement. Currently trading at support. Some shopping can be done. 200 is a very strong support zone. 360 is the target price. Potential multi-bagger.
Time Frame - 1 year
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.
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/-
This is the best stock for long term. For a short term, it is not going to give much returns. but it's a perfect stock for long term for more than 20% returns. A good and stable company, good PE ratio, available at a great discount.
Don't miss it! add it in your portfolio and don't worry about it.
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...