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VARROC

Varroc Engineering cmp 595.30 by Weekly Chart view since been li*Varroc Engineering cmp 595.30 by Weekly Chart view since been listed* - Price Band 475 to 500 Support Zone - Price Band 600 to 625 Resistance Zone - Volumes are needed for good breakout success - Weekly basis Support at 525 > 445 > 360 with Resistance at 685 > 760 > 855 - *5 year's long Bullish Cup and Handle done with the neckline at the Resistance Zone* - *Price above 1st Falling Resistance Trendline well sustained, now need to cross 2nd for successful Breakout*
NSE:VARROC
by PIYUSHCHAVDA
Varroc Engr cmp 564.45 by Weekly Chart views since listing*Varroc Engr cmp 564.45 by Weekly Chart views since listing* - Support Zone at 445 to 480 Price Band - Resistance Zone at 625 to 660 Price Band - *Bullish Cup & Handle with neckline at the Resistance Zone* - Weekly basis : Support at 480 > 358 > 272 with Resistance at 660 > 752 > 835 - Volumes are spiking heavily intermittently indicative of a breakout attempt on path - Price sustaining above Rising Support Trendline but yet to cross above Resistance Zone for a fresh breakout - *Price sustaining above lowest Falling Resistance Trendline but needs to cross above other 2 Falling Resistance Trendlines*
NSE:VARROCLong
by PIYUSHCHAVDA
VARROC Analysis & PredictionThis is the analysis of VARROC in the Daily Time Frame. Watch carefully. The chart explains itself. If it breaks and sustains above the upcoming resistance level, it is good for the stock. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About VARROC : Varroc Engineering Ltd. engages in the manufacture and supply of automotive components. Its products include polymer, electrical-electronics, metallic, and lighting systems. It operates through the Automotive and Others segments. The Automotive segment offers automobile products which comprises of auto parts for two-wheelers, three-wheelers, and four-wheelers. The company was founded on May 11, 1988 and is headquartered in Aurangabad, India.
NSE:VARROCLong
by suraranjanganguli
VARROC ENGINEERING - TREND IS CHANGINGFUNDAMENTALS Varroc belongs to auto ancilliary sector. One of the strongest OEM player to ride this bull run on auto sectors. Ready for EV and had rolled out a lot of stuff for 2 wheelers already. Engine Valves, Lighting, Forging, ADAS ; you just name it and they make that. The company is not only catering to Indian markets but have manufacturing setup outside india as well for global business.. One of the key points to note is that Varroc has very low public float around 8%. 75% with promoters, 5% with FIIs, and 12% with DIIs (MFs mainly) While things went bit haywire post 2019 and company's growth went sideways to negative, it looks like they are back on track. The current market cap is just under 8500 Crores (At cmp 555) while the Enterprise Value is value is already above 9600 Crores. PE ratio is on a higher side amongst the peers but that would get adjusted with the expected rise in sales and underlying profits. Cash flows of the company has also significantly improved. Company has been taking initiative to lower down it's debt and its net debt to EBITDA had improved significantly (WALK the TALK). While some business has seen some dip in European markets, the overall order book is very healthy and the results of all the initiatives shall reflect in the financials in next couple of years. TECHNICAL On technical charts it has broken out of 2019-2020 levels which it attempted to touch base in 2022 and recently in Sep/Oct 2023 as well. This attempt on 17 Nov 2023 has successfully cleared the resistance on weekly charts with rising volumes. Another interesting thing is that there was high volume rejection in May 2022 when it peaked around 493 in the month of April 2022; the current price and volume trend has even taken off those rejection levels with ease. 740 is a very very initial trading target (weak below 430) while I look this scrip as a portfolio buy for minimum 2-3 years time frame with targets of 1100 ++ (Weak below 400) PS: From cmp of 555 this could be a doubler or multibagger in making. CLose watch on QoQ performance for next 6 quarters shall reveal a lot about the company.
NSE:VARROCLong
by AAnandAggarwal
VARROCVARROC :- Double bottom pattern has formed, volume is also good, wait for the breakout, till then keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:VARROCLong
by AjayDhakad_Keep_it_simple
VARROC ENGINEERING WYCKOFF ACCUMULATIONVarroc Engineering is focused on designing, manufacturing and supplying exterior lighting systems, plastic and polymer components, and electrical and electronics components Market Cap : 5000cr Market Cap set your positions accordingly Sector : Auto Ancillary VARROC ENGINEERING is in a 4 month trading range, the analysis done above is through Wyckoff method and we get what looks like a accumulation TR (trading range). PHASE A : The TR got established from 15th September where it did the highest volume since it's IPO in 2018. Labelled the PSY , SC , AR as Upthrust Action followed by a low spread Secondary Test on good volume leaving a wick and closing in green shows hints at some absorption happening that marks the PHASE A and CHoCH ( Change of Character ) the bias for the TR at this point is bullish. PHASE B : Secondary Test on 21st October with huge volume but closed below the AR 319.80 level which shows rejection, at this point we can conclude the price is not ready for the markup phase and still needs to spend some time in TR followed by the price falling off with low volumes and low spread indicating no further new selling but also fall in demand till 16th Nov where the price went below the ST in PHASE A but on low volumes then buying demand came and closed above previous 4 Days close with fair volume and good spread. PHASE C : The hardest part is identifying PHASE C but it is the only thing matters followed by PHASE D in Wyckoff Method. 16th - 17th Nov the stock had good volumes and good spread indicating SOS rally but failed to closed above AR levels , also the following week/month Nifty ( Comparative Index/ Market Proxy ) had faced Volatility on the down side and 29th Nov being the biggest fall in Nifty since 2 quarters but the underlying stock didn't broke the ST(PHASE B) levels. This shows positive jump in Relative Strength and the start of it. On 7th Dec the candle showed some demand and followed buying crossing above the AR, ST(PHASE B) levels giving couple of closes above the TR so we mark the low on 6th Dec as LPS (Last point of Support) and Conclude Phase C. Though we missed our First of Four entry points but given the Volatile Market conditions it was hard to Initiate. PHASE D : PHASE D in the Wyckoff Method indicates a SOS ( Sign of Strength) TR above the previous TR , BU ( Backing Up Action) and LPS/ Multiple LPS. In this stock's case after the SOS rally the volumes cooled off with slide in price we mark the last swing ended as ST=UT because it wasn't a SOS because the price failed to sustain above the TR and came back in the TR , the market proxy faced huge volatility and made a new low from it's previous levels with big spreads but the underlying stock didn't made a new low thus forming a Higher High - Higher low formation showing relative strength even though it closed -9% and the price is now rising with lower spread and volumes, thus we mark the low as LPS. We make a uptrend channel by connecting two lows and the high. Conclusion : Scenario # 1 : The stock still seems to be in PHASE D also trying to cross above 200 Dema and 100 Dema if it shows SOS above 336 we can expect PHASE E (Markup PHASE), CHoCH and we can start a bull campaign and further add positions with trailing stoploss on LPS/Channel/DEMA. Scenario # 2 : If the price breaks Channel we can expect that the stock needs to spend more time in TR. Scenario # 3 : If the price also breaks LPS then the TR can be extended way further or can be concluded as a Distribution PHASE .
NSE:VARROCLong
by nukacola933
Varroc ....Bullish Butterfly Harmonic Pattern seen ....Bullish Butterfly Harmonic Pattern formation is seen in VARROC. From a long term perspective analysis is shared here. Why Now this pattern is important : From a daily chart retest of 271 levels (very important support zone) is seen. .236 levels tested on upside and came down 20 MA is touched and is now a bit far away In weekly chart, last two candles forming 2 Crow candle stick pattern (not completed yet) Vol is increasing What probably can happen next : Scenario 1 : If the retest is successful then the stock can go up to levels ... 302/336/383/443/477 Scenario 2 : If the retest fails then the stock can go down up to levels ... 240/197/174/153/128
NSE:VARROC
by AdhigamaTrading
1
watch for reversal tradebuy above 320 in intraday and swing For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:VARROCLong
by stockkar
VARROCNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:VARROCLong
by SENSITRADE_T
Varroc Engineering Bullish Bias - Short Term Swing Trade#VARROC Possible swing trade opportunity CMP - 436 Stop Loss 1 - 420 Stop Loss 2 - 405 Strict Stop Loss 3 - 375 Target 1 – 470 ( Next 5 to 7 days ) Target 2 – 524 ( 2 to 3 weeks ) Target 3 - 550 ( 3 to 5 weeks ) Reasons for my conviction - 1) No left side immediate resistance except a small gap which may get filled with the momentum in the stock 2) Moving in the channel 3) Respecting the 20 EMA 4) As per FIB series, the RR looks good in terms of upside potential. It's supporting the internal fib numbers. Refer to 0.5 & 0.618 fib support and todays close happened right at the fib series of 0.786 5) Had a breakout on May 21st with good volume. Did a retest in last 6 trading sessions and again a breakout today with almost the same level of deliveries as May 21st. 6) Today's close is above the VWAP of 429.9 7) Weekly chart also looks good. 8) If it respects the FIB series, I see potential targets as 470 & 524 & 550 Disclaimer - - The view expressed here are my personal views. I am publishing this for my own records and what I see on charts. - If you're referring to this, please consider this ONLY FOR educational & research purposes. - Past performance is not a guarantee for future predictions - Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion. - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - Do your own analysis and consult your financial advisor before investing. TIA!
NSE:VARROCLong
by nerdywasabi
VARROCNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:VARROC
by SENSITRADE_T