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Published on 13/06/2022 12:09:03 PM | Source: LKP Securities Ltd

LKP Spade, Weekly Pick - Buy Varun Beverages Ltd For Target Rs.750 - LKP Securities

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Varun Beverages Ltd

* The stock after a steep correction is witnessing fresh momentum around the previous demand zone 1070-1050 levels.

* The stock has surpassed its 200DMA in today's trading session with decisive volumes indicating the resumption of an uptrend.

* The momentum oscillators are showing signs of reversal on the lower time frame which confirms the up move.

Varun Beverages Ltd Buy @ Rs. Rs. 790/830 Stop Loss Below Rs. 710 CB Target Rs. 790/830 Duration 1 Week

 

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