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SWING IDEA - V GUARD INDUSTRIESThe technical analysis of V-Guard Industries suggests a compelling swing buying opportunity. The reasons are listed below : The stock has successfully breached a significant resistance zone at 270-280, showcasing potential for an upward trend continuation. The presence of a robust bullish engulfing candle on the weekly timeframe, coupled with the stock finding support at the 50 EMA, enhances the bullish outlook. Following a prolonged consolidation period exceeding six years, the stock is poised for a potential breakout, indicating the likelihood of substantial price movement. The formation of higher highs further reinforces the bullish sentiment and suggests an established uptrend. A notable increase in trading volumes during the breakout phase supports the authenticity of the upward movement. Target - 360 // 424 Stoploss - weekly close below 282 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:VGUARDLong
by Visionary_Growth_Insights