Weekly VIP Industries ChartThe chart shows Fibonacci extension levels, which started from Rs. 70 to Rs. 650. There was 78.6% retracement shown from the top to Rs. 190 level. The price is currently trading at Rs. 280, which can be taken as a buy point. The Fibonacci extension levels show the prospective exit points giving returns ranging from about 50% to 130%, depending on the on how long you're willing to hold the trade.
VIPIND trade ideas
VIP Industries Clean BreakoutThe idea here is about VIP Industries:
V.I.P. Industries Ltd. engages in manufacturing and marketing of luggage, bags, and accessories. The firm's product includes hard and soft luggage-trolleys; suitcases, duffle bags, overnight travel solutions, executive cases, backpacks, and travel accessories. Its brands include VIP, Carlton, Caprese, Footloose, Alfa, Aristocrat, and Skybags.
My view is bullish (Swing trade) for the below observed technical factors.
Points as per TA on a Daily & Weekly chart:
1.Contracting or Symmetrical triangle breakout & retested on weekly chart as per below:
2. Bearish Crab Harmonic CD leg under formation at the time of publishing as per below:
3. EMA 20 support established on weekly chart as per below:
4. Trading above 20 & 100 EMA on daily chart.
5. Double Bottom formation competed & Neck line breakout completed as per below:
6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily,weekly & monthly chart is strong upward momentum at the time of publishing. This is a very good signal for upward momentum.
7. RSI is at 62.82 on a weekly Chart and 66.72 on daily chart at the time of publishing.
8. MACD above signal line on daily & weekly chart which is a signal for upward momentum.
9. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy.
10. ADX (Average directional index ) trend strength is at 10.45 on a weekly which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 32.57 on a daily chart which indicates a strong trend .The trend seems to be picking up.
Projected Target: provided in the chart as per Cypher harmonic pattern.
Stop Loss: Provided in the chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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VIP IND stock is about to break the trend line.Aim for 6-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
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VIP Industries - Ready Steady Go VIP Industries - Looking all set to explore blue skies. Buy now CMP. (upto 425-450)... pyramid 1 above 525 close and pyramid 2 above 675 close... Wait for 1K target. Stop Loss for this idea - below weekly closing of 375.
DISC: Not a SEBI Regd. I post charts for my own study.
VIP INDUSTRIESV.I.P. Industries Ltd. engages in manufacturing and marketing of luggage, bags, and accessories. The firm's product includes hard and soft luggage-strolleys, suitcases, duffle bags, overnight travel solutions, executive cases, backpacks, and travel accessories. Its brands include VIP, Carlton, Caprese, Footloose, Alfa, Aristocrat, and Skybags. The company was founded in 1971 and is headquartered in Mumbai, India.
badla travel hoga abVIP Industries Ltd. incorporated in 1968. The very first VIP Suitcase was manufactured in the year 1971. Since then, VIP Industries has sold over 100 million pieces of luggage to people around the world and have subsequently become the foremost manufacturer of hard and soft luggage in Asia, with a goal to make travelling simple. VIP manufactures an array of products and provides numerous different services with an aim to make travel simple and convenient for millions of people around the world.
There products and services are carefully designed to help people experience the delight of travelling. A team of professional, skilled designers constantly innovate and explore new technological aspects and materials to craft luggage which is at-par with the world’s highest standards. The Product Portfolio of VIP Industries consists of a diverse range of hard-sided and soft-sided luggage. The luggage range includes strollys, suitcases, duffel-bags, backpacks, executive cases, overnight travel solutions and school bags. VIP Industries is the parent of many renowned brands like VIP, Aristocrat, Alfa, Footloose, Skybags and Carlton which cover the entire spectrum of travel products. The company's manufacturing facilities are located at Nashik, Nagpur, Jalgaon, Satara, Sinnar in Maharashtra and Haridwar in Uttaranchal.
Business area of the company
The company is engaged in the business of manufacturing of luggage bags. It manufactures moulded luggage (from high-density polyethylene), soft luggage (from nylon, polyester, jupolene, printed polyester) and ABS luggage (from acrylonitrile butadiene styrene plastic).
Brands of the company
CARLTON
VIP BAGS
SKYBAGS
CAPRESE
ARISTOCRAT
ALFA
Products of the company
The Company's products include briefcases, suitcases, handbags, carry bags and vanity cases.