V-GUARD INDUSTRIES NSE:​VGUARD

Trade on break out Note : Educational Purpose only.

Target lines are defined in blue lines and stop loss in red line(horizontal line)

Stock is about to take up move now as 50 percent retrenchment is over down side ..........

V Missed this trade

BUY VGUARD in CASH around 231 with Stop loss of 225 and Target of 239. Crossed Ichimoku with Long up-trend and accumulated volumes on declining broader markets.

sell JAN futures around 236. target 225 210 had a non stop run from 160s time for a pull back note: this is my personal view. do your own analysis before you trade/invest

Resistance of Double Top pattern, that is 100% retracement done, Negative Divergence is persistent. Price started moving up on the back of a Positive Divergence and it moved within a rising channel. One can go short at the current level (226) keeping an SL at 230. If the market favours, one may see the level of 210-- 200 DMA.

SHORT VGAURD

Levels mentioned in charts

Sell VGuard at 208 Closing Stoploss of 220 Target 174 (positional)

accumulate vguard wth 200 sl for 230/250

lets hope for a good fall unless it doesnt breaks the trend

VGUARD has broken out of an ascending triangle on hourly. On daily timeframe , stock looks bullish and has closed above a strong resistance. Also with bullish MACD on hourly.

BUY ABOVE 192 FOR TGT 198/206/230+ SUPPORT LEVELS 185-184 LEVELS

VGUARD Broke Resistance Level On Hourly And Is Moving In A Parallel Channel Upwards. Levels are mentioned in charts .

triangle pattern formed based on technical looks like sure short short :)

idea described in chart

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