VBL – Is their a wedge Breakout- swing trade Scenario...???Varun Beverages Limited;- CMP: 493.80; RSI: 54.95
Trading plan based on the weekly chart of Varun Beverages Limited 🔍Visible Chart Patterns are as belwo
1️⃣ Falling Wedge / Descending Channel
Lower highs + flat to slightly rising lows
This is a bullish reversal / continuation pattern
2️⃣ Base Formation
Price holding above long-term moving average (200 WMA)
Selling pressure is reducing, volatility is contracting
3️⃣ Mean Reversion Zone
Price hovering near 50–100 WMA cluster
Indicates value buying zone, not breakdown
🎯 Trading Strategy (Swing Trade)
📌 Entry:
• Above ₹500–505 (weekly close above channel resistance)
⛔ Stop Loss:
• ₹470 (below recent higher low)
🎯 Targets:
• T1: ₹540–550
• T2: ₹590–600 (major supply & trendline zone)
⚠️ Neutral / Range Trade (If No Breakout)
• Buy near ₹460–470
• Sell near ₹520–530
• Keep tight SL below ₹450
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