As per my analysis, NSE:VARROC complete its correction.
My positional view is to get entry at current level which is 343, put stop loss of only 10 point which is 333. Will wait for target of 369
Note: This is my personal analysis, only for learning purpose.
Varroc Engineering has broken the wedge pattern, it is good buy around marked demand area with marked demand area with below level as stop loss for long term.
Let's see
Happy Investing!
The stock has reached support zone and is ready for a reversal rally. Trade has a favourable risk reward ratio of 3:1. Trade is supported by brokerage calls.
#VARROC
Varroc Engineering Ltd.
CMP: 352.35
Buy @ Support Line approximately 305-7
Target: 370 / 438
SL: 265
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