The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on weekly TF hence price may take few weeks in order to reach the first target and then for final target it may take few months as the target is big. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do...
V-Guard - Looks good for Long. Buy range 262-250.
I took a long entry at 266. Everything explained in the chart. Cheers :D
Weekly chart rectangle pattern and inverted H&S >T1 300 >T2 350
Multi-year break out, with volumes on both weekly and daily chart. With market at all time high, market need to support the up move. So, let's have a tight stop loss. target = 327,2 INR stop loss = 217,0 INR
after Long consolidation VGUARD given goode Breakout, add near 262/248 we seen 296/322/365+ view invalid below 213wcb Note : all views are education purpose only.
VGUARD breaks out after consolidation. Observations - Increased volume after strong earnings, EMA 21 day crosses EMA 50 day.
V-GUARD clear breakout in weekly chart indicates good buy signal
Statistical Brief Market Cap₹ 10,707 Cr. High / Low₹ 262 / 159 ROE18.1 % ROCE26.1 % Debt to equity0.01 Return over 1year45.7 % Return on assets17.1 % Free Cash Flow₹ 55.4 Cr. Sector Trend Positive on Weekly Chart Stock Trend Positive on Weekly Chart Pattern Double Bottom
New idea update: #VGuard on the verge of breaking out 3+ years old resistance (262). If that happens, it could move very fast till 350. Entry: If close above 262 SL: Below 217 Target: 350+ Time frame: 6 months to 1 year
Upside potential of 250 (Trading in zone), if breaches 190's consistently (if not, good accumulate at 178 and lower) With Immediate support at 178 and strong base at 162 levels. Only educational view.