VIP industries has got the right kind of momentum now, As the monthly chart shows a 6 year top breakout near 204 levels and the last month candle has closed above it. The Monthly chart shows that its going to the next range in the coming months.
VIP Industries can be bought at CMP and around 193. Keep SL 179 for long term
Bullish AB=CD Harmonic pattern. Pattern failure 168
Tp towards resistance level = 216 if similar trend continues with shown date range recently Keeping short or if trend supports, can form new resistance further above 52-week high
VIP Industries forming Symmetric triangle.... very soon we are going to see a breakout.. RSI is heading towards downward direction in daily charts... And in weekly and monthly charts it is looking little overbought ... May this scrip heads down for a correction.... I am neither bullish nor bearish... Just waiting for the breakout candle and trade with that...
Monthly Chart is bullish. One can buy at current level and add till 100 is not broken.
channel play... speed isnt great but k to be in portfolio buying range: 100-120 SL: below 90