VBL trade ideas
BUY VARUN BAVERAGESOne of the best company who made their investors millaioner. Varun baverage has taken U turn from short term support level but can be a long term suppport as this share is going to touch again highs and may be make new highs. behatreen fundamentally strong company hai buy for short term target as well as long term too short term target will be 1277 which we can see till february end and if this level got successfully crossed and VBL got sustain this level this is going to touch his lifetime high and also will make new highs..well if anyone taking position in it then definately don't forget to keep a stop loss at 1110.
Disclaimer:- I have holding in this from down level and holding this for long term.
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VARUN BEVERAGES VARUN BEVERAGES - update
Look at the chart structure here.
Yesterday was a panic sell day and most longs ended up winding their positions out of fear.
Check the price action today.
Aggressive buying seen by bulls which pushed the price out of the channel.
Look at the volumes, nearly 5X.
Since it has closed at a very strong resistance today, I would urge everyone to wait for a daily close above 960 to make a final entry.
This is highly cheap according to me and can easily do 1200 from here.
VBL is very close to a good breakoutVarun Beverages (VBL), a stock of FMCG sector has given a weekly closing above 800 for the first time after its split on 10th June 2021. The day high of '810' on Friday coincides with 38.2% golden ratio on Fib levels.
Above 811, it can easily give 1-2% targets in intraday.
A 15 minute candle closing above 810, ater 9.45 am can be a good buy for a swing trade too. Also, a trendline breakout can be seen even in the momentum indicator (RSI) which gives a double assurance for the breakout.