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    Stock Radar: V-Guard breaks out from 6-month consolidation to hit fresh highs; time to buy?

    Short-term traders can look to buy the stock for a possible target above the 400 level in the next 2-4 months, suggested experts.

    Synopsis

    The V-Guard stock found support above the 280 level on the daily charts. However, it picked up momentum in the last week of February, which helped the stock break out from 6-month long consolidation. The stock witnessed a breakout from its previous swing high of Rs 335 in the last week of February. It hit a record high of Rs 350 on 4th March 2024. In terms of price action, the stock is trading below 5-DMA but above 10,30,50,100 and 200-DMA on the daily charts.

    V-Guard Industries Ltd, a part of the household appliances industry, breaks out from the 6-month consolidation range in February 2024 and the price action suggests that there is room for further upside.Short-term traders can look to buy the stock for a possible target above the 400 level in the next 2-4 months, suggested experts.The stock hit a record high of Rs 335 on August 9, 2023, but failed to hold on to the momentum. It moved in a narrow
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    The Economic Times