The short-term outlook is bullish for VIP Industries. The inventory surged over 6 per cent on Wednesday. The worth motion since October signifies a double-bottom formation. This strengthens the bullish case. Help is within the ₹645-640 zone. Beneath that the area round ₹630 is the subsequent sturdy assist. VIP Industries share value has potential to focus on ₹710 initially after which even ₹740 finally within the subsequent three-four weeks.
The area round ₹740 is a really sturdy assist. As such the probabilities of a reversal from there are excessive. Merchants should buy now. Accumulate on dips at ₹645. Preserve the stop-loss at ₹625. Path the stop-loss as much as ₹665 as quickly because the inventory strikes as much as ₹675. Transfer the stop-loss additional as much as ₹680 when the value touches ₹695. Exit the lengthy positions at ₹710.
(Notice: The suggestions are primarily based on technical evaluation. There may be threat of loss in buying and selling.)
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