VIP Industries approaching resistance with tapering volatility
VIPIND
is approaching its Long term resistance line while continuously consolidating, indicating a major breakout. Since the covid situation is getting in control, the travel restrictions have been lifting up which will aid the stock.
A move above 391 looks good for a headstart towards 500.
The stock might, for one last time, test the support and play within the horizontal blue lines before finally breaking out.
The target price, as per the range, looks to be hit by the end of August.