VBL trade ideas
VBL- A Possible rise?Varun beverages has been testing its breakout levels and and interestingly it has been consolidating near retest.
Price has stopped making lower lows and now volume is pushing prices up again and again.
A price action for the reference:-
We can call it a triple R concept as well but not until it breaks out the red line marked at 933.
Keep an eye folks fingers crossed...
VBL | Symmetrical Triangle Breakout 🎯⭕ Swing Trading opportunity ! 4hr Chart Alert !!!⭕
-- Buy above= 910
--Target = 998
--Stop-loss = 878
--R:R =4.08
--Expected Profit = 10%
--Expected Holding = 1 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Symmetrical triangle breakout
2) Volume is good
3) Target is based on resistance level
4) there is 50 ema breakout as well
5) Stock might retest or not
👇Possible resistance zone 👇
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
VBL Short After a double top with bearish divergence, the stock has fallen well and holding support now but RSI support was broken. If it trades below 870 would be a good opportunity to short in the upcoming days.
view negated above 945.
T1 - 820
T2 - 760
Disc: Not a trading recommendation. Educational purpose only.
Daily Swing Call for Thursday 12th of November 2020 // VBLDaily Swing Call for Thursday 12th of November 2020 // NSE:VBL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 736.95
TARGET: 848+ (15%)
STOP LOSS: 663 (10 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects / gaps up after my buy call. If u don't want an aggressive trade, you can wait for a "possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit can be optimized.
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period, but if SL / Target are not triggered and you still wish to
hold the trade, this can be done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade / invest at your own risk.
