This 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...
FUNDAMENTALS
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...
VARROC :- 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...
Varroc 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...
from the double bottom stock forming higher highs with RSI divergence. Expected 350+ levels in the coming days. Keep the stock in your watch list. This is for your educational purpose only.
VARROC Engineering. It has given breakout on weekly chart and retested the falling trendline on daily chart with buying volume. Its good buy above 310. Stop loss will be 280.
Varroc Daily Chart candle closed above 200 ema
Good up rally started from buying zone . The selling zone is far.
Good to buy at 360 for target of 463+
SL below the BO candle 327
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...
Varroc Engineering Ltd in Cup n Handle Near Breakout with very high Institutions volume spike
Buy for
Target 1 : 530 ( > 20%)
Target 2 : 650 ( > 20%)
Target 3 : 830 ( > 75%)
Disclaimer: This stock idea is only for educational & research purposes and is in no way a professional stock recommendation. Please do your own research and consult your financial...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
buy 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...
Note:
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...
#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...
Varroc Engineering
CMP - 376
Stop - 320 on DCB
Expectation -
T1 - 475
T2 - open, Review at 475
Expected Holding Period - 60 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
