ameygazinkar

VBL is very close to a good breakout

Long
NSE:VBL   VARUN BEVERAGES
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.
Trade active: High till now is 836 (3% up)
Trade closed manually: High made of 860. 5%+ in 1 week.