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.
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...
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
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...
🍁 buy & hold for short term 🍁
enter @390-400 range
sl 375🙏
trgt 432-450-500+
study then invest
why I cooked it for u 🏋️♀️🏋️♀️
🔹technically the stock seems bullish
🔹perfectly respecting trendline support
🔹it in a major support zone
🔹postive q3 published but movements not done
🔹also we can enter with small sl, mean seems to be comfort RISK...
