VBL for 860+

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!


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