VIPIND trade ideas
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.
Future of VIPINDAll possibility of VIPIND trade.
I'm adding it into portfolio keep an eye on it.
Level's mentioned in chart.
Turned bullish Having crossed a major resistance angle today, the stock has turned bullish. If the level is sustained for a couple of days, the stock may see a level of 800 in intermediate term
VIP INDUSTRIES NSE: VIPIND : LONG VIP INDUSTRIES NSE: VIPIND : LONG
Support at 9 DEMA 437-438 levels, if it crosses and sustains above it , buy above 438, target- 455
sl- 410
