VBL has taken a good support at previously broken resistance and 61.8% retracement after previous rally. Closed at high in last trading session with relatively good volume. Can be good long intraday and swing trade above 810. Follow strict risk management.
Varun Beverages, my version: The stock is about to cross the upper trendline. If it sustains the next candle closing above the trendline, then it's perfect BO :)
Twice before, it couldn't sustain the trendline breakout.
Today total 9 F&O levels shared and results: Rs .1,82,964.00.
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The stock was given on 18th Aug at 790 and it hit the target of 850 today. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas. For reference, I am attaching the idea suggested below.
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
Published 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.
Target 1 =880 (Book 80%)
(Target 2 = Trail up to 920)
Stoploss = 750
- Formation of Higher lows.
- Repeatedly Hitting Resistance 1 (which is making it weaker).
- A Strong Support at 720.
- Bullish weekly pattern.
VBL LONG VIEW
DARVAS BY DARVAS JUMP
GOOD STRENGTH IN DATA & SENTIMENT
CMP: 806 SL: 700
BUY AT/ABOVE 825/830 LEVEL FOR TARGETS: 950/1050/1100+ SL: 700
Buy On DIPS Approach till in the DARVAS
Educational Purpose only