I will go LONG on VBL because: The price is taking support at trend line . It has touched the support trend line again . So will look at buying opportunities. If it falls below the support trend line then short it. Entry - 684 Target - 790 Stop loss - 651
Note: This is for educational purpose only. There seems to be a bullish trend reversal at support. The trend line support coincides with Bollinger Band lower band as well. There is a high volume which accompanies the trend reversal.
NSE: Varun Beverages One more attempt for Breakout . Since July 31 till Jan 15, Stock was oscillating between 670 to 829 Flat consolidation with 2 attempt for breakout Stock is consolidating near 829 level since last few days, might be one more attempt for breakout Possible Long after close on daily chart above 830 for a target of 873 and 920 in short term.