📊 Script: VBL
📊 Sector: FMCG
📊 Industry: Food - Processing - Indian
Key highlights: 💡⚡
📈 Script is trading near its resistance level which is 1477.
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD and Double Moving Average are giving crossover .
📈 Right now RSI is around 62.
📈 One can go for Swing Trade only above 1477.
BUY ONLY...
Unlock the potential of Varun Beverages as it charts a course towards the target of 1600. With a strategic stop loss at 1360, safeguard your investment while aiming for growth. Stay vigilant, stay profitable
Initiating a long position on Varun Beverages Limited (VBL) with a stop-loss set at 1329.85 and a take-profit level of 1547 suggests a carefully considered trading strategy based on technical analysis and risk management.
A long position indicates a bullish outlook on the stock, with the expectation that its price will rise. Traders employing this strategy...
Chart set-up very Bullish
Short term DEMA give buying signal
Macd Bullish crossover
RSI Bullish
Good to buy
Stock price soon in 4 digits
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
This stock have fundamental good stock
Technically this stock breakdown from major support now stock can go low level
Take own analysis
No recommendation for buy and sell
Trendline support & bounce back
Also 20DEMA as a dynamic support
Price above all the DEMA
RSI Bullish
Setup is good for long position.
Disclaimer This is my personal view for education purpose only.
A strong rise is observed in this stock, after breaking the trendline.
now this stock is showing bearish pressure.
now the price is at important level of resistance, showing strong bearish pressure.
this is the right time to look for short, short side until price reach the demand zone..
ABOUT COMPANY:-
Varun Beverages Ltd has been associated with PepsiCo since the 1990s and is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world. The company produces and distributes a wide range of carbonated soft drinks, non-carbonated drinks and packaged water sold under trademarks owned by PepsiCo.
PepsiCo brands...
The stock retreated after facing supply. After some consolidation the stock is again negotiating the previous supply area. Volume support is also coming in. Delivery volume also increased indicating interested longer term buyers. Relative strength, Money Flow and absolute strength all in the green. A good close above 873 with volume support will put the stock...
NSE:VBL 868
1.Price movement is moving according to the Ascending Triangle Pattern (TF- 6 Months)
2. Breakout with the Bullish Marubozu candlesticks
3. Strong volume in last two days in row
4. Upcoming levels to watch 925-100 Levels
5. support to watch the 820-800 levels
#TechnicalAnalysiswithMrChartist
