Varun Beverages (VBL), a stock of FMCG sector has given a weekly closing above 800 for the first time after its split on 10th June 2021. The day high of '810' on Friday coincides with 38.2% golden ratio on Fib levels.
Above 811, it can easily give 1-2% targets in intraday.
A 15 minute candle closing above 810, ater 9.45 am can be a good buy for a swing trade too. Also, a trendline breakout can be seen even in the momentum indicator (RSI) which gives a double assurance for the breakout.
Above 811, it can easily give 1-2% targets in intraday.
A 15 minute candle closing above 810, ater 9.45 am can be a good buy for a swing trade too. Also, a trendline breakout can be seen even in the momentum indicator (RSI) which gives a double assurance for the breakout.
Trade active
High till now is 836 (3% up)Trade closed manually
High made of 860. 5%+ in 1 week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.