| CMP# | 241.7 |
| Idea | SELL |
| Sell Range | 250 – 240 |
| Target | 227 – 222 |
| StopLoss* | 250 |
| Duration | 25 – 27 Trading Sessions |
| Potential Return^ | 6 – 8% |
| CMP# | Idea | Sell Range | Target | StopLoss* | Duration | Potential Return^ |
| 241.7 | SELL | 250 – 240 | 227 – 222 | 250 | 25 – 27 Trading Sessions | 6 – 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#
COMPANY OVERVIEW
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 | |
| NSE Code | VGUARD |
| Sectoral Index | Nifty Consumtion |
| 52W High | 252 |
| 52W Low | 159.4 |
| Face Value | 1 |
TECHNICAL OBSERVATIONS (WEEKLY)
- 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.
TECHNICAL OBSERVATIONS (DAILY)
- 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.
CONCLUSION - V Guard SHARE PRICE FORECAST
Based on our positional stock tade tips, V-Guard share price target will be 227 – 222 in the next few days.