V I P Industries LtdVIPIND - The stock recently bounced from the lower boundary of its channel and is now approaching the upper boundary. Notably, a significant increase in volume has been observed during upward moves, which suggests strong buying interest. The last candlestick formed a strong bullish candle, breaking out from a short-term flag consolidation pattern.
If the price breaks above the 440 level, the stock could continue its rally towards 480 and potentially 500.
Vipindustrieslong
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*