VBL trade ideas
VBL MAKING CHART PATTERN AND BREAK OUTNSE:VBL
vbl just make triangle pattern and yesterday was the day when it get breakout
1) vbl in up trend
2) last time touches new high and go for sidways
3) now it makes triange pattern and confirm it on 23 aug
4) it break the pattern in up side with good volumes
5) retesting is confirmed
6) target previous high and trail it to new high
SIMPLE AND EFFECTIVE TRADE SETUP ON VARUN BEVERAGESFew pointers about my analysis of VARUN BEVERAGES :
1.The stock has been in a continuous uptrend with lots of bullish continuation patterns ,which is good for healthy upward trend, higher the no. of valid patterns better it is.
2.The stock just broke out of an ascending triangle pattern , which is again is a continuation pattern.
3.Volume spurt : breakout supported by decent volumes, supporting bullishness.
4.RSI breakout on daily chart and trading above 60.
Short term view : Bullish
Timeframe used : Daily
Target : Use trailing SL or 50day MA
Take away: entry has not yet been triggered , ideally one should wait for retest to enter.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
VARUN BEVERAGES RANGE BREAKOUTPublished a bit late but still good to enter in small quantity. Risk to Reward ratio currently not in the favour so safe traders can add on retest. looks strong in a market where midcap and smallcap are underperforming. keep a strict stoploss and targets are on your screen.
VBL for 860+Hello Traders,
Varun Beverages has given a good breakout candle on 75 minutes and daily chart. It has been bought with huge volumes.
I recommend trading this stock as follows:-
1. Daily SSL is 770. Meaning if stock trades below 770 at closing time then we exit our position.
2. Enter 40% quantity now at CMP. Enter 30% quantity at 800 and enter 30% at 785. I believe the lower levels wont reach but keeping safe side because of market sentiments.
3. Target is 860.
4. If the lower levels are not reached and stock continues up-move then we can buy remaining 60% quantity when it crosses 821 with a momentum.
Happy Trading!
#VBL has give Breakout with Good Volume support
Check out my #VBL analysis
#VBL Looks good for Long swing Trade
CMP: ₹806.65
Target: ₹915 , Previous swing High
View: Short-Term
FMCG Sector outperforming in this bleeding Mkt
The stock has given breakout with Good volume support
increasing delivery Qty & delivery %
