VIP Clothing Ltd. is in a falling trend
channel in the medium long term. Falling
trends indicate that the company
experiences negative development and
falling buy interest among investors. The
stock has broken a resistance level in the
short term and given a positive signal for
the short-term trading range.
The stock is
testing support at rupee 43.00. This could
give a positive reaction, but a downward
breakthrough of rupee 43.00 means a
negative signal. Volume has previously
been high at price tops and low at price
bottoms. Volume balance is also positive,
which weakens the falling trend and could
be an early signal of a coming trend break.
The stock is overall assessed as
technically positive for the medium long
term.