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_*🤓
Varunbeverages
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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