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VIPIND – AFTER A LONG CONSOLIDATION STOCK CAN CHANGE ITS TREND NOW – SEE TECHNICAL CHART

vipind

buy VIPIND above 63 close sl 50 target 85-110

if we look at the chart of VIPIND we can clearly see that stock is falling from last 2 years.

in short term price able to move above resistance level recently.

and price is into rising channel now, rsi is taking support on recent lows, which is development of POSITIVE DIVERGENCE ON CHART.

so once price able to move above given level then we can expect movement in stock.

 

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