VARROC ENGINEERING
Updated
The stock has bounced from its support levels around 250.
Prices have confirmed a Double Bottom pattern, suggesting strength in the stock price.
Weekly RSI has also seen a breakout.
Prices could now head back to test the upper end of its Long term Trading range placed between 445-475.
Double Bottom pattern remains valid as long as prices stay above Rs.284.
Prices have confirmed a Double Bottom pattern, suggesting strength in the stock price.
Weekly RSI has also seen a breakout.
Prices could now head back to test the upper end of its Long term Trading range placed between 445-475.
Double Bottom pattern remains valid as long as prices stay above Rs.284.
Trade closed: target reached
Price has crossed our Target Zone, might even breakout above the resistance zone 445-475, but that will be a fresh outlook.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.