VIPIND trade ideas
VIP IndustriesVIP industries is showing some positive build up. Currently price is trending within a range which could be accumulation before continuation of long trend stock is following from few years. Price is continuously taking support long running trendline. 55W RS is also showing gradual increase from past few weeks and inching towards zero line. Not very confident but price can be monitored for coming weeks, one could trade between support and resistance area with short confined targets.
VIPINDVIPIND:- Wait for breakout, take some action only after that, if it gets sustained then we can see upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
VIP IND Good to watchNSE:VIPIND
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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double bottom pattern VIPIND 50 moving average is one of the most commonly used moving average and it acts as a really nice support.
VIP had recently made a golden gross over and is then retraced back to its 50 moving average.
Its has taken a good support at the 50 moving average by baking a double bottom.
I prefer to put a stop little below the support and target for 2:1 ratio of the profit to loss