Varun Beverages (VBL), a stock of FMCG sector has given a weekly closing above 800 for the first time after its split on 10th June 2021. The day high of '810' on Friday coincides with 38.2% golden ratio on Fib levels.
Above 811, it can easily give 1-2% targets in intraday.
A 15 minute candle closing above 810, ater 9.45 am can be a good buy for a swing trade too....
The stock of IGL had a strong supply zone at around 570-575 levels which it broke with heavy volumes and gave closing above the same yesterday.
Also, a weekly closing above 570 looks like a good indication that stock might soon reach 600, 650+ levels.
Support is around 545-550 levels which is a good demand zone.
This is just for educational purposes.
Trent Ltd. stock has given trendline breakout with good volumes which can also be seen as a flag pole pattern. Also, The stock has given a very good weekly closing.
The stock can be a good buy for intraday above 910.
Also, one can expect nearly 10% targets in a swing trade if the ATH levels are crossed.
This is just for educational purpose.
Tata Chemicals has given a bullish breakout of a flag pole pattern with heavy volumes. The stock might test its all time high level of 833 so one can easily expect around 5-8 % returns in short term.
Just for educational purpose.