VIP industries looks a good buy looking at the long term trend channel dating back to year 2001.
The given scrip has undergone a good volume expansion in previous uptrend and is consolidating for quite some time. The Blitzkrieg volume blazer indicator shows a good volume support in the uptrend & 50 point volume weighted moving average is acting as a great cushion for the stock.
Currently the stock is exactly at the bottom of the trend channel & on the upside of the trend channel the targets look to be 4000+
Company has solid fundamentals with a steadily growing revenue, with a falling Bangladeshi currency the company is all set to have a heavy margin expansions.
P.S: Given is just information sharing and is not any buy or sell recommendation. Please consult your SEBI registered financial advisor before making any investment or trade as stock markets are subject to market risk
The given scrip has undergone a good volume expansion in previous uptrend and is consolidating for quite some time. The Blitzkrieg volume blazer indicator shows a good volume support in the uptrend & 50 point volume weighted moving average is acting as a great cushion for the stock.
Currently the stock is exactly at the bottom of the trend channel & on the upside of the trend channel the targets look to be 4000+
Company has solid fundamentals with a steadily growing revenue, with a falling Bangladeshi currency the company is all set to have a heavy margin expansions.
P.S: Given is just information sharing and is not any buy or sell recommendation. Please consult your SEBI registered financial advisor before making any investment or trade as stock markets are subject to market risk