1) Stock is in uptrend in all major time frames.
2) Weekly is reversing from a pullback. Last week - weekly candle confirms reversal.
3) Daily price action as well confirms reversal, moved out of range.
4) RSI just hitting 60 in daily, RSI in lower timeframes apt for entries.
My entry : 520.
SL : 493.
Target : 613.
Varroc Engineering Ltd. is a manufacturer and supplier of automotive components. Their product portfolio includes polymer, electrical-electronics, metallic, and lighting systems. The company operates in the Automotive and Others segments. Riding the bullish wave with a stop loss at ₹505 and a straight target set at ₹620. 🎯🚀”
Remember, investing in stocks involves...
Varroc Engineering presents a compelling case for a potential swing trade, backed by several key indicators.
Reasons are listed below :
After multiple tests, Varroc Engineering broke through the crucial 500 level and is now retesting it, indicating a potential shift in market sentiment.
A doji candlestick formation on the weekly timeframe and a bullish...
mcap 8571cr
cmp 562 vs book value 67.7
dividend 0
debt to eq 1.39
stock pe 16.4 vs industry pe 32.9
promoter holding 75% vs 85% in MARCH 2019
small position
November 17 discussed on this chart
Stock entering new level at listing price level
No recommendation for buy and sell
Stock building volume so bulish chart
Best level to participate in stock most stock sustain above 500 level
Once again no recommendation for buy and sell
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
1) my target 950+
2) considering 370 as stop loss
3) stock breakout its major resistance zone
4) 500 is the most supply zone for the stock
5) today sustain above this level
6) volume in stock
7) stock can go above listed level
8) time horizon 18-24 month
9) 1:2 ratio can be
10) no recommendation for buy and sell
This stock has so much potential to DOUBLE YOUR MONEY within a few 8-10 months. After 4 years of consolidation, it has reversed its trend. Since the listing, we have witnessed a continuous downtrend.
STRONG BUY SIGNAL FOR VARROC ENGINEERING at the current level of 505 or you can wait for this weekly close above 497. Maintain a stop loss of 495 on a weekly closing basis.
Strength Gaining Stock!
Varroc Engineering #VARROC
1. Multiyear Support Testing
2. 52 Week High
3. Rising from bottom of Volume Profile
Keep on your Screener.
Based on price action , here is the breakout of candle of varroc engineering with good strength as it is already took multiple attempts to breakout but could not make it . Here is another attempt and this time it has greater chance of breakout and we can expect 15-20% within 2months. As trading always comes with risk factor , don't forget to put your stoploss as...
with recent change in trend towards on the upside and retracing at a nice demand level it seems Varroc engineering will give a decent returns in few days on the upside
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.
There are two pattern emerging in it.
Inverted head and shoulder and cup and handle.
Both are bullish pattern.
If we get a daily closing above black line then we can get a move on long side upto 25%
Orange lines are the resistance level that can act as reversal level from their only today the stock has seen a rejection.
Green line is the target.
Red line...
