Aegis Vopak Terminals Ltd – IPO Base Setup in Progress

Aegis Vopak Terminals Ltd – IPO Base Setup in Progress

📈 Pattern & Setup:

Aegis Vopak is forming a textbook IPO base setup after months of sideways action. The stock is holding firmly above its base support zone of 255–265, showing multiple shakeouts that flushed out weak hands while strong buyers kept absorbing supply.

The current price action shows a breakout attempt from a descending trendline with healthy volume recovery. A close above 285 could trigger a clean breakout, opening the path toward 340–350 levels.

📝 Trade Plan:

✍Entry: Above 285 (breakout confirmation)

🚩Stop-Loss: 260 (below the base support zone)

🎯Targets:

Target 1 → 320
Target 2 → 350 (23% potential move)

💡 Pyramiding Strategy:

1. Enter with 60% position on breakout above 285
2. Add 40% above 295 once it sustains with strong volume
3. Trail stop-loss to 270 after the price crosses 310

🧠 Logic Behind Selecting this Trade:

IPO bases are often early-stage setups where institutions quietly accumulate before a big expansion. Here, the price has repeatedly tested the upper range, each time with shallower corrections — a sign of strength. The stock now appears ready for a trending phase if it breaks above resistance with conviction.

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🔴Disclaimer:

This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.