#VARROC - has given a very strong multi-year breakout on the weekly chart. A stock to have in your watch list to buy on a pullback or to add some quantity here.
FUNDAMENTALS
Varroc belongs to auto ancilliary sector.
One of the strongest OEM player to ride this bull run on auto sectors.
Ready for EV and had rolled out a lot of stuff for 2 wheelers already. Engine Valves, Lighting, Forging, ADAS ; you just name it and they make that.
The company is not only catering to Indian markets but have manufacturing setup outside...
The stock recently broke out of an ascending right-angle triangle pattern, and this breakout was accompanied by a substantial accumulation of trading volume at the breakout levels. The presence of good volume accumulation before the breakout indicates a significant build-up of market interest and potential buying activity.
The ascending right-angle triangle...
monthly chart structure is looking good.
worth tracking for entry in next dip
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VARROC :- Double bottom pattern has formed, volume is also good, wait for the breakout, till then keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my...
The stock has bounced from its support levels around 250.
Prices have confirmed a Double Bottom pattern, suggesting strength in the stock price.
Weekly RSI has also seen a breakout.
Prices could now head back to test the upper end of its Long term Trading range placed between 445-475.
Double Bottom pattern remains valid as long as prices stay above Rs.284.
Varroc Engineering is focused on designing, manufacturing and supplying exterior lighting systems, plastic and polymer components, and electrical and electronics components
Market Cap : 5000cr Market Cap set your positions accordingly
Sector : Auto Ancillary
VARROC ENGINEERING is in a 4 month trading range, the analysis done above is through Wyckoff method and we...
Varroc Engineering appears promising with a potential breakout on the horizon!
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from the double bottom stock forming higher highs with RSI divergence. Expected 350+ levels in the coming days. Keep the stock in your watch list. This is for your educational purpose only.
VARROC ENGG LOOKING GOOD TO ENTER
CMP : 305
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VARROC Engineering. It has given breakout on weekly chart and retested the falling trendline on daily chart with buying volume. Its good buy above 310. Stop loss will be 280.
