Can I buy Vguard at the moment?
ENTER V-GUARD AT THE CURRENT LEVELS
V-Guard is currently trading at Rs 224.50. Its 52-week high/low stand at Rs 254.90/Rs 177 made on April 20, 2018 and September 28, 2017, respectively. The stock witnessed a fall in the form of lower tops and lower bottoms from its 52-week high to Rs 182 level. The stock thereafter witnessed a sharp rise up to Rs 223, breaching its first resistance at Rs 217 level. The stock corrected up to 38.2% of the upward rally from Rs 182 to Rs 223 till August 7 and has consolidated thereafter till August 28. On August 29, it broke the Rs 223-mark, but it could not sustain on a closing basis. The whole move has formed a kind of cup and handle-pattern with a breakout at Rs 21 Jaijyoti 8 level. We suggest you to Buy.