A beautiful Double BottomVIP Industries CMP 468 - Investors T1 700
this chart is absolutely loaded with technical buy signals.
Fib - it is at fib ext support as well as Fib confluence support at 453
Elliott- the C leg of the zig zag corrective pattern is complete.
Directional Signal- Double bottom is asking you to buy.
Volume- lesser volume on the second bottom is telling sellers have dried.
RSI and Composite- both have a +ve divergence , indicating reversal.
VIPIND trade ideas
this correction is a buying opportunityVIP CMP 500
Elliott- the ABC zig zag corrective pattern is over in my view.
Pattern- the V shaped reversal pattern is a directional signal and is indicating reversal.
Hence this current dip is the best opportunity to buy the stock, One can buy here or on the break of the trendline the choice is urs.
Stock To Watch While Market Corrects. VIP INDUSTRIES.Stock To Watch While Market Corrects.
VIP INDUSTRIES.
The Stock is showing a consolidation for last 4 months and a pin bar candlestick has been observed on the monthly chart. the volume inflow id higher in the recent months which indiactes accumulation going on at the lower levels.
Best Buy: Above 577 (Breakout).
Sl: 490
TGT: 750 (Swing Trading)
TGT: 975 (Positional Trading)
Note: You need to Hold the Stock for few months to attain this gain.
Short Term Swing Trading Idea in VIP Industries for 20% UpsideHi,
NSE:VIPIND has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
VIP Industries could be setting the stage for strong performanceWith the travel industry rebounding from previous slowdowns (such as those caused by global events like the pandemic), there is a renewed enthusiasm for both domestic and international travel. This rebound is directly beneficial for companies like VIP Industries, whose fortunes are closely tied to the health of the travel sector.
If VIP Industries has managed to maintain or grow its market share against competitors, especially through effective supply chain management, product placement, and customer loyalty programs, this could further solidify its position as a market leader poised for growth.
By leveraging these factors, VIP Industries could be setting the stage for a strong performance during the summer season, potentially leading to a breakout in its stock performance. Investors will be closely watching the company’s quarterly results and any announcements related to strategic initiatives that might impact its summer sales.
Disclaimer:
I am not a SEBI registered analyst. This content is provided for educational purposes only and is not intended for trading or investment advice. Please conduct your own thorough research or consult with a professional before making any investment decisions. Take care and invest wisely.
Vip Industries LimitedHi,
I am a noob trader, learning the Price action. I could see a wedge in Vip Industries Limited and the RSI also showed positive. I was thinking there might be a pullback that can give 8% on the weekly chart.
Any experienced trader watching this, can correct me if my analysis is wrong and share your views on this.
Thanks in advance.
Symmetrical Triangle Formation With RSI Bullish Divergence VIP Industries Overview:
VIP Industries is a well-established company in the luggage and travel accessories industry, known for its brands like VIP, Skybags, Aristocrat, Alfa, and Carlton. The company has a strong presence in the market and is known for its innovative designs and quality products.
Technical Analysis:
- Support from Lower Trendline: The stock is currently finding support from a lower trendline, indicating a potential reversal or continuation of the current trend.
- Symmetrical Triangle Formation: There is a symmetrical triangle formation in the stock's chart, suggesting a period of consolidation before a potential breakout or breakdown.
- RSI Breakout with Bullish Divergence: The Relative Strength Index (RSI) has broken out of a previous range and is showing bullish divergence, indicating that the stock's price may move higher.
Overall Analysis:
VIP Industries is showing positive technical signals, with support from a lower trendline, a symmetrical triangle formation, and an RSI breakout with bullish divergence. These factors suggest that the stock may be poised for an upward movement in the near future. Traders and investors may consider this stock for potential buying opportunities based on the technical analysis provided.
V I P IndustriesPromoter holding is above 51%.
No promoters pledged.
Stock below 200 EMA on weekly chart.
Its an old Indian Brand.
Reserves are more than market cap.
Expecting max dip till 375. but market is supreme so other two major support are 285 & 200.
Not Expecting it to go below Covid level as of now.
Resistance points are marked with Red Arrow.
Resistance is marked as Red horizontal line.
Support points are marked with Green Arrow.
Support is marked as Green horizontal line.
Stoploss is marked as orange horizontal line
Levels:-
Buy 500 - 375 - 285 - 200
Stoploss 180
Target 700- 1000+
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
VIPIND BO [DAILY]VIPIND came in the screeners recently as volumes have been attracted here. Giving a minor BO here, 21/50 DMA cross would be good if it follows up from here.
Stocks relative strength is still poor but the way volumes have come here these last days, it seems like a reveral.
Keep an eye out for this ahead.
VIP Industries - Stock to buy
Keep Stop loss as 578 and watch the level of 590 final target 690. Watch till 12-12-23 11:13 AM
today and if high is broken buy then only.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
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