Breakout Strategy: Swing Trade Opportunity with Price Action.This swing trade idea focuses on breakout setups, using price action to identify key levels. When price breaks through support or resistance, it signals a potential trend continuation. The strategy aims to capitalize on momentum after the breakout, with clearly defined entry, stop-loss, and target levels for effective risk management.
stock name: VIPIND
VIPIND
VIPIND : Best Swing Trading OpportunityVIP Industries has given Zero Returns from last 3 years
VIP Industries Stock currently around the support which was working as Resistance.
Stock has also formed Falling channel in short term and now around 500 levels is coming support from these 2 factors.
So stock is around the support and looking good for swing trading !
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
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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.