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 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
If Breaks Then The Targets can be Taken at 400 and 415 .
Time Frame :- 15 min
Patterns Name :- Triangle
Symbol Name :- Varroc Engineering
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
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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...
