Varun Beverages - Closed monthly at ATH. Time to ride this one too. SL < 980 Weekly closing basis. DISC: Not a SEBI Registered. I post charts for my own study.
Vrl tested its previous high as suppprt and is ready to go for ride up. I opened a long here.
When we smell the air that a bear is coming it comes faster than we think but the smell is definitely their! And thats what it is showing here on multi timeframe analysis- BEARISHNESS ATLEAST for 2-3 days or more. Coming week it can touch the indicated Red line as target and SL above Black line
NSE:VBL a good break out. Buy on dips till 740 if any. Resistance at 790 and once crossed can hit 840-850 levels. A good short term pick.
Buy VBL above 700 with Sl of 20 points Tgt will be 730/750/800
Buy BUY VBL ,675@685 Tgt 715@715 sl below 660 positional call short term
VBL holding at resistance 787, if it can sustain above 790 by tomorrow then possible to break all time high level which is 860-870.
SHORT TERM BUY VBL @714-717 SL 682 TGT 778 Above VWAP + MACD cross over + Good volume + TK cross over so go long for short term.
t- target only for educational purpose
Price broke daily and weekly key level, and has formed support on weekly. On lower tf is has arrived at TL.
VBL is in a strong uptrend. After a fall it took support at 675 and is continuing is steep uptrend. Can go long.
F type pattern created, hope so more downfall expected.
Need Closing above 860 to resume upmove.good volume found toady
Entered on 16 Aug 18 with a price of 790.75 and a stop loss at 737 TSL Updated on 21 AUG 18 to 771.5 Current Trailing Stop Loss: 771.5 In case of hitting Stop Loss confirmed loss of 19.25 points