VGUARD breaks out after consolidationVGUARD breaks out after consolidation. Observations - Increased volume after strong earnings, EMA 21 day crosses EMA 50 day.
VGUARD trade ideas
Break-out at current levelStatistical 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
#VGUARDNew 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
VGUARD_eDUCATIONAL VIEW 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.
#VGUARDOne of the safest bets in current markets. Consolidating heavily around its crucial resistance. Could be entered in piece-meal manner. I recently entered around 170. A positional medium to long term bet.
revised trading range-AT IMPORTANT DECISION POINT-VGUARDstructure looks positive to me..
watchout of an upthrust.. as the current upmove is happening on low volumes;
on the contra side, 250 levels previous was receiving a lot of climactic bars and progress was being stopped inspite of volumes, after that, the stock went into a base formation and such volumes are not being encountered, is it a sign the required supply absorption is complete?
maybe....
disclaimer.. not an investing/trading recommendation
Sideways Trading Range Between $237.50 & $265 Most of November.It appears we will hang out within a trading range Between $237.50 and $265.00; repeatedly testing the upper boundary of an Ascending Wedge we see in the Weekly Time Frame. We will have a better idea of how much longer we may continue to test that upper boundary of the Ascending Wedge once we see the White Energy in the Weekly time frame approaching the 50 percent level. I'll post a chart shortly to point out the trading range near the upper boundary of the Ascending Wedge.
VGuard reacumulationtechnically, it is coming out of a nice base, and presently testing the 52week moving average, which was previously a strong resistance, the 220 region which was also a resistance was taken out on record volumes and presently, another small reaccumulation is taking place at the 52 WMA…
over all a very nice change in character with consistent higher lows, and of the 3 downward retracemnts this year, the ongoing one is neither generating much volumes , not much fall in price action.
on the monthly chart, September generated the lowest volume candle in 2 years, and it was a negative close with a larger tail wick than head wick…
the target price as mentioned with generate a pe ratio of 75x around, which has been a historic resistance for this valuation metric, following which sharp cprrection is expected from higher 300 odd levels
Although, technical buildup is superb, fundamentally, the only traction is is receiving is from the electrical consumer durable segment, that also when the demand growth picture is quite questionable and by no means this is a cheap stock hovering around its all time high asking price..
The management reiterates 15% topline growth in FY20E.
what i do not receive comfort in valuations, but technically, it has got a very strong support at 210 levels, at cmp that is a 10 percent downside, to 60percent around upside expectation, excellent risk reward ratio imho.
disclaimer... not an investing/trading recommendation
