VBL trade ideas
Varun Beverages EtStockRecoICICI sec: Hold till 750
Emkay Global: Buy Target 850
Don't buy afresh. Trail a strict SL. The stock touched trend channel line. Should return to trendline or the support before thinking long.
VBL TECHNICALLY LOOKING GOOD. VARUN BEVERAGES LOOKING GOOD RECENTLY GIVEN A BREAKOUT EXPECTING 10% TO 15% RETURN AND FUNDAMENTAL IS GOOD.
VBL Elliot Wave Analysis (Tgt1:750, Tgt2:785, SL:650)VBL is showing strong momentum. Currently it's in the 4th Wave of an Elliot Impulse structure. The 38.2% Fib Retracement also coincides with a long term support at 676, which should serve well for the end of wave 4.
Taking wave 3 level as a basis for minimum up move, that puts the target at around 750, which is also where the upper trend line converges.
Next resistance is at 785, after which the next target goes to 845
If it breaks below support, next support is at 50% retracement at 659. Use this level as stoploss
-> Trade at your own judgement. This analysis is just my 2 cents
Happy Trading!
Varun Beverages ShortVarun Beverages Short
Target 1: 675, if it passes with high volume then aim for target 2, SL: 740, RR ratio: 1.48
Just for educational purposes, not a suggestion to buy
VBLprice action trade.
up Trend - buy above 704 SL -696 Target 715.
Down Trend - sell at 694 SL 698 Targets 684,680.
Inverse head & shoulder and Flag pattern seen in Varun BeveragesInverse head & shoulder and Flag pattern seen in Varun Beverages
Short Varun BeveragesShort varun beverages as the stock has always moved in a parallel channel.The market has closed yesterday above the chaneel.The stock would therefore try to come in the channel.Hence short Varun beverages for target of 754.
In consolidationIn consolidation and may find support at 815. Intermediate term stance is bullish and target will be 1000+
VARUN BEVERAGES : BUYIT IS A CLEAR BUY AS IT BROKE THE TRENDLINE WITH GOOD VOLUME. TARGET OF RS 950-1000 KEEPING IN MIND THE SEASONALITY FACTORS.
Varun Beverages - Entry@ 850-8703 yrs average sales growth - 10.5%
3 yrs average profit growth - 31%
3 yrs average margin growth - 11%
Another stock with a lethal combination of accelerating sales, profits and margins. These fundamentals look strong and it can propel the stock much higher
its a buy!looking good for 965 in short termDisclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
NSE:Varun Beverages One more attempt for BreakoutNSE: Varun Beverages One more attempt for Breakout .
Since July 31 till Jan 15, Stock was oscillating between 670 to 829
Flat consolidation with 2 attempt for breakout
Stock is consolidating near 829 level since last few days, might be one more attempt for breakout
Possible Long after close on daily chart above 830 for a target of 873 and 920 in short term.
Watch price movement - wedge formation, stochastic divergenceAs seen in chart, a wedge is formed and stochastic is rising but price is falling - classic bullish divergence
