"U" Shape Pattern.* 4 Year Consolidation touched on resistance multiple times trend line Year Aug-19 TO Sep-23 * At Support level multiple times, and breakout made after 4 Year consolidation Trend Line. May-20 To May-24 * Expected To reach at the next level. Price level - 1160Longby Bhupen_AUpdated 2
VARROC S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh0
Next Big Move on Varroc Engineering Ltd.As the price gain momentum at the demand and trend line break with momentum.Longby gakingofkings0
SWING IDEA - VARROC ENGINEERING 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 marubozu candle on the daily timeframe suggest indecision followed by strong bullish momentum, respectively. Varroc Engineering demonstrates a clear uptrend, marked by a series of constant higher highs, indicating bullish momentum in the stock. Finding support at the 0.382 Fibonacci retracement level suggests a healthy correction within the broader uptrend, providing a favorable entry point for traders. The stock price is currently trading above both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, reinforcing the bullish bias. Varroc Engineering has recently broken out of a consolidation phase lasting over four years, signaling a potential continuation of the uptrend. Target - 620 // 655 // 830 StopLoss - weekly close below 455 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insightsLongby Visionary_Growth_InsightsUpdated 8
VARROC ENGINEERINGBeautiful Weekly setup of Ascending Triangle Rsi > 60 , 10,20 and 50 ema Crossing 200 Ema and giving a Minor breakout with volume under the Main pattern of Ascending Triangle Rs also positive A Good positional trade till ATH looks promising. Longby srh253
VARROC ENGINEERING - Poised for a 15% upmove - Swing Trade1) 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.Longby RugminikUpdated 3
Varroc Engineering Ltd. is a manufacturerVarroc 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 risks, so always do thorough research and consider professional advice before making any trading decisions.Longby Shivam_Bhanot2
VARROC weekly breakoutmcap 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 positionLongby mehulsan77110
Varroc Engineering Ltd🚀 Varroc Engineering Ltd Update! 📈 Stock: VARROC 🔍 Support: Rs. 526 🎯 Target: Rs. 1178 💡 Strong technical, potential for a double-up. 🌟 🚨 Disclaimer: Investing involves risk. Do thorough research and consider consulting a financial advisor. Past performance doesn't guarantee future results. Invest wisely. 💰 #VarrocEngineering #StockUpdateLongby chartbook_by_vs111
All ready discuss 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 Longby investigationofchart3
VARROCThese 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❗Longby RahulAyar1
1:2 ration can accept from this1) 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 Longby investigationofchart5
Varroc EngineeringNSE:VARROC Weekly chart showing rounding bottom with positive momentum in stock as well as in industries. Longby Chartstory_Jigar1
Double your money! STRONG BREAKOUT in VARROC ENGINEERINGS.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. Longby gauranshvyas7415Updated 7
Strength Gaining Stock! #VARROCStrength Gaining Stock! Varroc Engineering #VARROC 1. Multiyear Support Testing 2. 52 Week High 3. Rising from bottom of Volume Profile Keep on your Screener.Longby Mayank_Malik2
Trend Analysis on VARROC ENGINEERINGBased 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 well . Entry , first target and Stoploss is already mention in the chart and trade accordingly. Longby Trade_With_Stanlee1
Varroc VARROC ENGINEERING weekly closed above 400 short term expected 500 to 675 in next 5 to 6 months triangle Patten breakout Longby msanthoshsharemarket112
Varroc Engineer at good levelswith 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 Longby Musaddique_P1
VARROC BREAKS OUT FOR BIG MOVEBreakout done ready for big upside move. BUY ABOVE 310 FOR 450 and 500 targetsLongby devangpanchal990
VARROC ENGINEERING Positional viewAs 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. Longby thetradeterminal0
Varroc Engineering range bound tradeConsidering the range and the volume surge in the recent times, the stock looks promising.Longby prem_sharma_030
Varroc Industry Chart Analysis on Daily TF. - BATThere 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 will be the SL. It can be a good trade... I will take it for sure as it is having the R:R also very great.Longby BatShubham110