VBL trade ideas
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...
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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
Varun Beverages(VBL) for Swing TradeVBL was consolidating at Support Zone if level 837 will Break We will go long. We Will go Short if 800 level Break down.
Long Entry: If a candle closes Above 837 and it's High Breaks.
Long TGT: 925
Long SL: if a Candle closes below 805 and it's low Break.
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Short Entry: if a Candle closes below 800 and it's low Break
Short TGT: 710
Short SL: If a candle closes Above 837 and its High Breaks.
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*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
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Varun Beverages Breaking Triangle pattern1. Varun beverages was forming the triangle pattern.
2. Now the triangle is broken the triangle and closed above it with a good volume.
3. May expect a upward price movement in the upcoming days
4. Just wait for the next candle to confirm the breakout. If the next candle is closing well above the pattern, we can take the position.
Ascending Triangle pattern || Varun BeveragesIt is a very profitable pattern and has a very good accuracy rate because of a clear logical reason behind it. Can be bought for a target of 850. CMP-790. SL will be 750 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading and fundamental ideas.
