Swing Traingle BO done at 596 which is also a closing above a resistance line of a triangle stock can go up to 650 in swing target
VARROC trade ideas
Varroc Engineering cmp 595.30 by Weekly Chart view since been li*Varroc Engineering cmp 595.30 by Weekly Chart view since been listed*
- Price Band 475 to 500 Support Zone
- Price Band 600 to 625 Resistance Zone
- Volumes are needed for good breakout success
- Weekly basis Support at 525 > 445 > 360 with Resistance at 685 > 760 > 855
- *5 year's long Bullish Cup and Handle done with the neckline at the Resistance Zone*
- *Price above 1st Falling Resistance Trendline well sustained, now need to cross 2nd for successful Breakout*
Varroc Engr cmp 564.45 by Weekly Chart views since listing*Varroc Engr cmp 564.45 by Weekly Chart views since listing*
- Support Zone at 445 to 480 Price Band
- Resistance Zone at 625 to 660 Price Band
- *Bullish Cup & Handle with neckline at the Resistance Zone*
- Weekly basis : Support at 480 > 358 > 272 with Resistance at 660 > 752 > 835
- Volumes are spiking heavily intermittently indicative of a breakout attempt on path
- Price sustaining above Rising Support Trendline but yet to cross above Resistance Zone for a fresh breakout
- *Price sustaining above lowest Falling Resistance Trendline but needs to cross above other 2 Falling Resistance Trendlines*
VARROC ENGG: Technical Pick for FY25; BREAKOUT+ 'W' PATTERNThis auto component maker hit a high of 631 on 7th Feb 2024. However it failed to hold onto the momentum and witnessed a decline.But, it started moving upwards Mar'24 onward and has generated almost 50% return by the close of Jun'24. The large bullish candle of Jun'24 broke out from the upper end of the rising channel.
A corrective pullback is observed in the month of July 2024 which paused its upward journey. Now, it is expected that it may continue its upward journey in a path which resembles a 'W' pattern in the formation.
NOTE: This is a technical pick and not a fundamental one. Kindly conduct your own research before making investment decision. This post is for educational purpose only.
VARROC
A Big move is expecting after crossing the Resistance Zone and after a little consolidation above the Zone
200% return stockVarroc has given strong breakout of Rounding bottom chart pattern on monthly chart. 198% upside is coming in next 1 year. Investing magic indicator showing fresh entry.
Target 1 and target 2 both are marked on chart.
#nifty50 #varroc #multibagger
Amazing breakout on Weekly / Daily Timeframe - VARROCCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: This script is shared 1-2 days delayed. Sorry for the delayed charts.
VARROC - watchout for weekly close above 632NSE:VARROC
cmp 571
keep a watch for weekly close above 632
weekly close above 632 will do wonders for the stock and can give good returns
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Amazing swing trading idea for 16 May Markets I daily make educational content videos for swing / positional trading
Long VarrocHigher Highs Higher lows
sustaining above 500
expecting growth in fundamentals
sl 460
cmp 529
target 1100
duration 6-12 months
Varroc Engineering Ltd - Daily Chart AnalysisMarket Cap (Mcap): ₹8,025 Cr
Current Market Price (CMP): ₹525.30
52-Week High/Low: ₹632/₹239.45
PE Ratio: 15.77 | PB Ratio: 8.23
Technical Analysis:
Uptrend Breakdown: Broke the uptrend from July 2023, showing a false breakdown.
Close to Lower Bollinger Band: Near the lower Bollinger Band, indicating potential oversold conditions.
Moving Averages: Currently moving below the middle Bollinger Band, suggesting a potential buying opportunity.
Fundamental Analysis:
PE Ratio: 15.77 - Indicates a moderate valuation.
PB Ratio: 8.23 - Reflects a reasonable price compared to book value.
Trading Strategy:
Enter Price Range: ₹524.65 - ₹526
Stop-loss Range: ₹470 - ₹480
Target Price Range: ₹600 - ₹613
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. The suggested entry, stop-loss, and target prices are based on technical and fundamental analysis and market conditions, subject to change.
Varroc- Pitta stocks...Again testingVarroc- Pitta stocks...Again testing
1) Retesting Support level
2) MAy re enter the Curve
3) Lets see
Varroc in crucial support zone keep in radar -currently in very crucial support zone should reverse from here
-50 ema zone is near and trendline from lower side
-above todays high i am expecting it to hit 52week high one again
-keep in radar can give decent return
VARROC Analysis & PredictionThis 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 maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About VARROC :
Varroc Engineering Ltd. engages in the manufacture and supply of automotive components. Its products include polymer, electrical-electronics, metallic, and lighting systems. It operates through the Automotive and Others segments. The Automotive segment offers automobile products which comprises of auto parts for two-wheelers, three-wheelers, and four-wheelers. The company was founded on May 11, 1988 and is headquartered in Aurangabad, India.
VARROC ENGINEERING CMP 543 Flag pattern VARROC ENGINEERING CMP 543 dated 20-1-2024
1. Flag Pattern on Weekly & Daily chart
2. Super RRR
Buy above 545 target 555-570-585-600-635 SL 510
Higher target can be 685 SL 475
It is just a view, Please trade at your own risk.
Varroc Engineering- C & H breakout done. Currently at resistanceVarroc Engineering- Buy above 565 for the target of 832. Achieving the target will take much time as its in weekly pattern.
Currently at resistance zone.
Note: This is for educaitonal purpose only.
above 522 big breakoutBULLISH VIEW
Above 522
Target : 777
SL : 478
Risk is yours and Reward is too yours totally.
Monthly chart negativity absorb potential above 522 levels..
Let's See
VARROC ENGINEERINGgood breakout on weekly chart if susatin above 540
cmp 533
buy zone 520-530
sl 470
tgt 700,1000
varroc engineering chart is in uptrnd . we can take entry here by taking small stoploss
Disclaimer:- Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
varroc eng.after giving daily and weekly breakout it is retesting its support @ 520 if tested successfully will have a target of 600+
Amazing breakout on Weekly / Daily Timeframe - VARROCCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
Varroc - Get ready for a RideVarroc - Get ready for a Ride
1) Long cup is forming on monthly time frame,
2) It may retest at 523
3) then breakout....after pullback if any.
Target 1820 (Long Term)
