Pritesh Mehta of IIFL told CNBC-TV18, "VIP Industries broke out with huge volumes. Infact this is the first time since January 2013 the stock has given a breakout above its 200 day moving average."
"If one looks at the daily RSI, it has been sustaining above Rs 50 since last one month during the process of consolidation which shows there is strength in the counter. Buy above Rs 60 for a target of Rs 68," he said.
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