Technical Analysis of VIP Industries Chart: Wave Sequence and Current Outlook
This research provides a concise overview of the wave sequence observed in the chart of VIP Industries. The analysis covers four waves, detailing their completion points and current status, with a focus on the ongoing Wave 4. The possibility of an "abcde" pattern formation within Wave 4 is highlighted, indicating potential reversal points around the 480-490 level, corresponding to 38.2% of the Wave 3 upward movement. It is crucial to note that the author is not a SEBI registered analyst, and readers are advised to consult their financial advisors for investment-related inquiries.
Key Points:
Wave Sequence Overview:
Wave 1 completed at 36 on 19 Sep 2005.
Wave 2 completed around 7/- in Mar 2009.
Wave 3 completed around 775 in Apr 2022.
Current Status - Wave 4:
Wave 4 is currently in progress.
The possibility of an abcde pattern is suggested.
Anticipated reversal level: 480-490, representing 38.2% of the Wave 3 upward movement.
Important Disclaimer:
The author is not a SEBI registered analyst.
Readers are advised to consult their financial advisors for investment-related
Warm regards
This research provides a concise overview of the wave sequence observed in the chart of VIP Industries. The analysis covers four waves, detailing their completion points and current status, with a focus on the ongoing Wave 4. The possibility of an "abcde" pattern formation within Wave 4 is highlighted, indicating potential reversal points around the 480-490 level, corresponding to 38.2% of the Wave 3 upward movement. It is crucial to note that the author is not a SEBI registered analyst, and readers are advised to consult their financial advisors for investment-related inquiries.
Key Points:
Wave Sequence Overview:
Wave 1 completed at 36 on 19 Sep 2005.
Wave 2 completed around 7/- in Mar 2009.
Wave 3 completed around 775 in Apr 2022.
Current Status - Wave 4:
Wave 4 is currently in progress.
The possibility of an abcde pattern is suggested.
Anticipated reversal level: 480-490, representing 38.2% of the Wave 3 upward movement.
Important Disclaimer:
The author is not a SEBI registered analyst.
Readers are advised to consult their financial advisors for investment-related
Warm regards
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.