Buy Varroc Engineering Ltd For Target Rs.768 by Jainam Share Consultants
Varroc Engineering Ltd
Buy Varroc Engineering Ltd CMP 673 Buy Price 673 Target 768 Stop loss 623.50 Holding Periond 30 Days
* The stock price trading at Rs. 673.00 on 26 NOV 2025.
* VEDL has formed a Cup and Handle pattern on the daily chart, indicating a potential bullish reversal. Price has broken above key resistance zone, supported by strong volume.
* The pattern was decisively broken with strong volume, confirming the breakout. Post breakout, the stock is showing strength and is currently trading above both the 50-day EMA and 200-day EMA, indicating a positive shift in trend.
* RSI is also trading at above 60. rsi indiccating strength in this breakout.
* Based on the current price action, we expect the stock to move higher toward the 760-Rs.768 levels. A stop loss can be maintained at *623.50to manage risk effectively.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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