VARROC trade ideas
Varroc : Support on Ascending Channel pattern (Time frame-1Day)Varroc - Ascending Channel Pattern.
Chart time frame -1 day
Trade type -short term
Duration - 3 months
Entry - 355
Target 1 - 430
Target 2 - 460+
Stoploss - 340
Risk:Reward - 1:5
Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.
Buy Varroc engineering RSI bullish divergence Buy Varroc engineering RSI bullish divergence
Price making higher low whereas RSI making lower high indicating strong up move
VARROCNote:
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...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Varroc Engineering Short term analysis🍁 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 REWARD
Anyway study then invest guys
🔹support🔹-like🔹-comment🔹
Varroc Trading in a channelVarroc Trading in a channel and with the Fibonacci extension.
If the same trend continues then there is potential target of 440
*** Purely personal analysis ***
Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
VARROC - 1D TF - Cup & HandleCup & Handle pattern forming on Daily Chart of VARROC. BUY 365, SL 300/275(your call), Target(s) - 400, 425, 440. Cup Depth - 238. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns
Breakout TradeVarroc engineering 2 year trade line break and near 365 key level and increase huge volume its indicate smart money will be come in this counter
watch for Trendline breakout positional ideaBuy above 323 for target of 385 , 410 and 460
currently consolidating near trendline
invest not more than 5% of your capital
Varroc Bullish Bias Target 330 Looks like W bottom taken Support
Bullish Bias
can be bought at CMP levels
Stop Loss 270 levels
Target 1 - 330
Target 2 - 360
