Hello Traders,
Varun Beverages has given a good breakout candle on 75 minutes and daily chart. It has been bought with huge volumes.
I recommend trading this stock as follows:-
1. Daily SSL is 770. Meaning if stock trades below 770 at closing time then we exit our position.
2. Enter 40% quantity now at CMP. Enter 30% quantity at 800 and enter 30% at 785. I believe the lower levels wont reach but keeping safe side because of market sentiments.
3. Target is 860.
4. If the lower levels are not reached and stock continues up-move then we can buy remaining 60% quantity when it crosses 821 with a momentum.
Happy Trading!
Varun Beverages has given a good breakout candle on 75 minutes and daily chart. It has been bought with huge volumes.
I recommend trading this stock as follows:-
1. Daily SSL is 770. Meaning if stock trades below 770 at closing time then we exit our position.
2. Enter 40% quantity now at CMP. Enter 30% quantity at 800 and enter 30% at 785. I believe the lower levels wont reach but keeping safe side because of market sentiments.
3. Target is 860.
4. If the lower levels are not reached and stock continues up-move then we can buy remaining 60% quantity when it crosses 821 with a momentum.
Happy Trading!