Traders can accumulate the stock in a range of Rs 440-445 for the target of Rs 495 with a stop loss below Rs 410, says Shitij Gandhi of SMC Global.
From the last eight weeks, VIP Industries has been consolidating in a range of Rs 370-430 before witnessing a fresh breakout this week above a Bullish Flag formation on the daily charts.
The breakout above the pattern formation can be seen along with hefty volumes which clearly indicates the strength in the current trend.
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