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V-Guard Technical Analysis #66: Sell | Target Rs 227 | Arijit Banerjee


Sell Range250 – 240
Target227 – 222
Duration25 – 27 Trading Sessions
Potential Return^6 – 8%
CMP#IdeaSell RangeTargetStopLoss*DurationPotential Return^
241.7SELL250 – 240227 – 22225025 – 27 Trading Sessions6 – 8%


# CMP on July 05, 2019
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 234.
^ The returns are calculated based on CMP#


V-Guard Industries Limited engaged in manufacturing, trading, and selling of consumer electrical products in India and internationally. The company offers a range of products including voltage stabilizers, uninterruptible power supply (UPS), digital UPS, inverters, batteries, electric water heaters, solar water heaters, wiring cables, mixer grinders, industrial motors and air coolers etc.

Stock Data
Sectoral IndexNifty Consumtion
52W High252
52W Low159.4
Face Value1
Relative Performance_Vguard vs Nifty Consumtion Index


  • The stock price has been moving in sideways range in the last few months and was showing a lack of strength to sustain the upmove during this period.
  • Presently, the stock price has placed near the Upper bound of a sideways range and based on historical price pattern we are expecting the price to fall off from here.
V-Guard Weekly Chart
V-Guard Weekly Chart


  • The stock has formed Bearish Engulfing candlestick near the top which is a bearish reversal formation. Normally this type of candlestick suggests the bear have taken control of a security’s price movement from bulls.
  • There is negative divergence of RSI on the daily chart, we are anticipating immidiate falling of the price of this stock.
V-Guard Daily Chart
V-Guard Daily Chart


1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.


This research analysis is prepared by Arijit Banerjee, CMT, CFTe. An engineering graduate developed an early interest in Trading since the age of 20. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and also has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts (IFTA), USA. His contribution to the market research was recognized by SEBI, the Regulatory Body of Indian financial market and given him the registration number INH300006582 as a Research Analyst. Over the years, he has gained experience in Technical Analysis with a demonstrated history of working in different asset classes. Himself as a trader, he has trained and continues training novice and experienced traders to become successful, confident and profitable in the financial market.


The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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