VGUARD – Technical View (Daily Chart)

CMP: ₹310 Technical Observation: Stock is showing signs of base formation near the ₹300–₹305 support zone after a prolonged corrective phase. Recent price action indicates accumulation with buyers defending lower levels. RSI has started recovering from oversold territory, suggesting improving momentum. A breakout above ₹322–₹330 could trigger fresh buying interest and initiate a trend reversal. Volume activity has improved near support levels, indicating gradual accumulation. Trade Setup (Positional/Swing): Buy Zone: ₹305 – ₹312 Target 1: ₹341 Target 2: ₹380 Target 3: ₹420 Stop Loss: ₹293 (Daily Closing Basis) View: The stock appears to be forming a medium-term bottom around current levels. As long as it sustains above ₹293, the probability of a recovery rally remains high. A decisive move above ₹322 could accelerate momentum towards ₹380–₹420 in the coming weeks. Risk-Reward: Favorable for positional traders with a medium-term investment horizon. Disclaimer: This is a technical observation for educational purposes only and should not be construed as investment advice. Please consult your financial advisor before taking any investment decision. AALGO BREATHS SEBI Registered Research Analyst Research | Investment Strategy | Risk Management