 "The stock of VIP Industries has recently corrected well and has almost reached the trendline support near 280 levels")
BUY INDIAN HOTELS | CMP: Rs 96.90 | TARGET: Rs 115-120 | STOP LOSS: Rs 88
The stock has recently bottomed out near 90 levels and has picked up momentum to improve the bias. It almost moved past the 200- DMA to indicate strength and potential to rise further in the coming days. With the RSI indicator also on the rise, improving the trend, we suggest to buy and accumulate the stock for an upside positional target of 115-120 keeping the stop loss near 88.
BUY VIP INDS | CMP: Rs 289 | TARGET: Rs 330-340 | STOP LOSS: Rs
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