Let us see the technical chart of VIP industries, with Ichimoku kunko hyo indicator.
The stock price gave bearish breakout @166.31 on 25-Oct-2011, when it closes below kumo. From there, it started its downward journey and yesterday it touched the low of 102.15. The chart is weak as it is still trading below kumo. So, no hurry to buy even on small bounce back. 94.67 is the immediate target for this stock.