VIP Industries cmp 534.00 by Weekly Chart viewsVIP 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*
Vipindustries
VIPIND : Possible upside VIP Industries : - Crossing and closing above long-term trend line on a daily basis.
Currently trading above Weekly and Monthly Pivots.
The current close is above 4 weeks High.
Daily RSI > Weekly RSI > Monthly RSI
Close is above 20 Day SMA on Daily and Weekly time frames.
The next expected target is 572 & if the market sustains above 25000, we should see a good upside above 580 levels.
Short Term Swing Trading Idea in VIP Industries for 20% UpsideHi,
NSE:VIPIND has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
VIP IND Good to watchNSE:VIPIND
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
VIP Industries ready for the uptrend!🤩💸🔥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 effectively amid the challenging environment
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✔️ Technically & Fundamentally Strong💪💪
Good QoQ & YoY Q3 result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Bullish channel in VIP IndustriesCHART -> 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 registered. Please consult your financial advisor before taking any action.
Cup and Handle Break Out in VIP IndustriesCHART -> 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 advisor before taking any action.
VIPIND - Cup & Handle Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
VIP Industries - 52 week High1. Stock making New 52 High.
2. Stock breaking out 3yr High.
3. Stock consolidated for 4 months before breaking 3 yr High.
4. FII/FPI have increased holdings from 4.39% to 5.84% in Dec 2021 qtr.
5. Mutual Funds have increased holdings from 16.47% to 16.68% in Dec 2021 qtr.
Fibonacci based targets: 775 , 855 , 1005
Stop loss : Below 565 (closing basis)
VIP industries - Sitting at the confluence zoneCategory: Reversal trade
Key Highlights:
1. Bullish market structure on HTF
2. Tapped into the demand zone
3. Turning the previous swing level into a support
4. Rebound from 200 MA
5. Creating a confluence zone of swing level + demand zone + 200MA
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst