LKP Spade : Buy Varun Beverages Ltd For Target Rs. 1457 - LKP Securities
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VARUN BEVERAGES LTD (NSE SYMBOL: VBL | BSE CODE: 540180)
* The stock is on the verge of a breakout from a falling trend line and has been forming higher high higher low formations on the smaller time frame.
* The momentum indicator RSI has crossed the level of 60 which confirmsthe strength of the stock.
* The stock is trading above the short-term moving average of 21 days which is placed at 1245 acting as s strong support.
Buy Varun Beverages Ltd CMP Rs. 1325; Stop Loss Below Rs. 1258 CB; Target Rs. 1392/1457; Duration 1 Week
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