Few pointers about my analysis of VARUN BEVERAGES :
1.The stock has been in a continuous uptrend with lots of bullish continuation patterns ,which is good for healthy upward trend, higher the no. of valid patterns better it is.
2.The stock just broke out of an ascending triangle pattern , which is again is a continuation pattern.
3.Volume spurt : breakout...
As per current analysis of Trend Finder, Nifty is above the Indicator. But Indicator is showing Red signal. So it's a non-directional abrupt movement scenario. We should not trade in this type of scenarios.
Waiting is the best tool to trade in stock market.