VARUN BEVERAGES - update
Look at the chart structure here.
Yesterday was a panic sell day and most longs ended up winding their positions out of fear.
Check the price action today.
Aggressive buying seen by bulls which pushed the price out of the channel.
Look at the volumes, nearly 5X.
Since it has closed at a very strong resistance today, I would urge everyone to wait for a daily close above 960 to make a final entry.
This is highly cheap according to me and can easily do 1200 from here.
Look at the chart structure here.
Yesterday was a panic sell day and most longs ended up winding their positions out of fear.
Check the price action today.
Aggressive buying seen by bulls which pushed the price out of the channel.
Look at the volumes, nearly 5X.
Since it has closed at a very strong resistance today, I would urge everyone to wait for a daily close above 960 to make a final entry.
This is highly cheap according to me and can easily do 1200 from here.