VBL trade ideas
VBL VARUN BEVNote:
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...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
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...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Varun Beverages Ltd. to give 9-10 % return within next 20 days I have been watching over Varun Beverages graph since it fell drastically at the price of 822 INR. I have been observing upward rally of VBL since then and right now it has reached 930 INR and is expected to give more returns within next month. Today the graph of VBL crossed 20 MA and right now is in safe zone to buy as well as one can go for swing trade of 12-15 days for 7.5% return. It has already formed a double bottom and is ready for a breakout soon. The fib projections helped me to project the further prices of the share if the rally continues. You can go for long swing trade too, that is for nearly 3-4 months, and that would give more returns of nearly 21% of the share CMP.
VBLNote:
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...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
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...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
VBL| Trendline breakout ( Wave theory )Good opportunity to earn 30% in Short term positional trade
CMP: 949.65
SL: 900
Target: 1042 | 1120 |1248
( Targets calculated on basis of Fib.)
Disclaimer: I am not a SEBI registered analyst. My studies are for educational purpose only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
Long in VBLThis scrip is looking bullish, bounced back from the 21EMA as well as from the channel resistance. I expect this scrip to remain bullish in coming months as it had been consolidating for past 2 months, then gave a good breakout and now it had retested and bounced back from it.
Swing traders may consider this scrip to long as market sentiment is also turning bullish we might see a good move in it. Do stick with your risk management.
