MTF Stock Pick Buy VIP Industries Ltd For Target Rs. 599 - HDFC Securities
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MTF Stock Pick Buy VIP Industries Ltd For Target Rs. 599 - HDFC Securities
TECHNICAL OBSERVATIONS
Downward sloping trend line breakout is seen on the weekly charts
In the month Of August stock saw huge amount of volume building along with the price rise
Bullish cup and handle pattern breakout is seen on the weekly charts
Though RSI has reached overbought zone, it has not shown any sign of negative divergence
Weekly MACD has been trading above signal and equilibrium line
Stock is placed above medium to long term moving averages, indicating bullish trend on all time frames
Buy VIP Industries Ltd Up to 3 Months @ Average Level 445 CMP 480.65 TGT 599 SL 425
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