Long Term Opportunity in Vip IndustriesGo Long above 422.1 for Targets 539.6, and 657.1 with SL 304.6
Reason to go Long :
1. The stock is forming Dow Theory and also gave trendline breakout.
VIPIND trade ideas
VIP Industries Resistance breakoutNSE:VIPIND
Stock tried to break the resistance but not done due to volatility and done small retracement
Levels marked on chart.
Entry above the level candle closure is advisable
VIP ind longScrip was in a uptrend then it broke the trend... again it has crossed the trendline and would see uptrend....
Long VIP Ind...Upswing visibleVIPIND
CMP - 335
Stop - 300 on DCB
Expectation -
1 - 365
2 - 420, Review at 365
Expected Holding Period - 40 trading days or earlier
VIP ind great entry after bo enter around 375 SL 360 target 410VIP ind great entry after bo enter around 375 SL 360 target 410
swing trading in VIPINDRising wedge formation in VIPIND.
next target around 470
time period: within 1 month
Taking good support of trend line.
now 21 ema cutting 50 ema soon for good swing move.
THUMBS UP IF U LIKE MY IDEA
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!
VIP- Reversal PossibleVIP industries taking support at EMA 200 and lower end of the channel along with Bullish Harmonic Pattern. Can be a good swing trade upto 425-450 levels. SL can be 25-30 Rs.
VIP_MAY SHOW A GOOD UPSIDE MOVE SOONVIP is currently trading near a support zone and has just given a breakout of short term trendline in lower timeframe 30mins.
Lets see if it sustains and go up or not.
(for educational purpose only)
