RKMAURYA

Positional Trading Idea on Varun Beverages

Long
RKMAURYA Updated   
NSE:VBL   VARUN BEVERAGES
VBL

If stock crosses above 1562 ATH Resistance then stock may reach the 1.618 Fibonacci extension target near 1700 level in upcoming days on 1 Hour chart. Trailing Stop Loss below 20 period Moving Average or Super Trend support whichever is low.
Comment:
Tanked to low near 0.382 retracement level. Long may be initiated when price crosses 0.618 retracement level above 1480.
Comment:
Closed above the support near 1345 level. May exit if close below 1345 level.

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