VIP Industries Ltd. - GUT Feelings VS Technical Indicators !!

VIP Industries Ltd.

The stock is consolidating in a channel.

Technical parameters look bearish as of now.
Time-Trend is Bearish as well.

However, I am midly BULLISH #gutstory

The recent volume buildup suggests positive momentum in the stock. Breakout to take place above 230 level and further momentum to take place only above swing high of 238. The breakout can lead the prices to touch 260 in a few days.
Nearest SUPPORT is Low Bollinger Band (208).

KEEP AN EYE!! #B+
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