Big pattern alert on Varun Beverages Ltd.Eyes on the move..Varun Beverages Ltd (VBL) – Technical Update
On the daily chart, VBL is trading within a well-defined parallel channel, with a strong support zone around ₹425–437.
The stock is also forming a Symmetrical Triangle Pattern, with immediate support in the ₹450–460 zone.
If these levels hold and sustain, we may witness higher price levels in the coming sessions.
Chart structure indicates strength – keep this stock on your watchlist.
Thank you!
Varunbeverages
Varun Beverages Ltd *Varun Beverages Ltd*
P&F Formation on Weekly Basis.
Strong Price BreakOut & Sustained.
Need to Continue & be Watched.
Might enter _Distribution_ stage.
Strong Vol Consolidation. Continued Traction required. To be Watched.
Strong Bearish Divergence on Weekly Basis.
*Do Your Own Research as well. This is an Opinion*
*_Happy Investing_*🤓
VBL: All set for next leg of Journey!About to breakout from top of the channel with Cup and Handle breakout.
This is going to be the second time VBL is going to breakout from a channel after its post IPO period.
Highly Bullish structure in my opinion.
Expect more consolidation and up move as this is an FMCG stock.
Good for investment. Fundamentals are great.
Do Think about R:R before entering.
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