Price and trend forecast of VBL for Tomorrow, Weekly, Monthly
Varun Beverages Limited
Symbol: NSE:VBL
ISIN: INE200M01013
630.35
As on 2024-11-19
VBL's Today's Performance
Varun Beverages Limited started the day by opening at 616.00 today 2024-11-19. Its shares reached a high of 639.60 and dipped to a low of 614.40 in intraday. When the markets closed, VBL’s stock price settled at ₹630.35 per share. Also check out its key support and resistance levels.
VBL Buy/Sell Targets
Tomorrow, buy VBL when its price reaches ₹ 630.35 with a stop-loss order at ₹ 616.08. You can set the target price as ₹ 644.63 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of VBL for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for VBL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 642 |
| Tomorrow Down Target 2 | 653 |
| Tomorrow Down Target 3 | 667 |
Important Levels for VBL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 617 |
| Tomorrow Up Target 2 | 603 |
| Tomorrow Up Target 3 | 591 |
Based on where the stock opens tomorrow, if VBL opens on a positive note, our first target will be ₹642. If Target 1 is achieved, we will aim for Target 2 which is ₹653.
But if VBL falls below the average value of ₹628.12, you can enter a sell side position with target number 1 - ₹617 and second target - ₹603 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of VBL
Looking at VBL, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, VBL has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for VBL is moderate bullish.
Tomorrow's Volume based share price Forecast for VBL
VBL's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -41%.
Reversal detection for VBL
VBL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹603 in morning tomorrow
| Target 1 tomorrow | 638 |
| Target 2 tomorrow | 644 |
| Target 3 tomorrow | 653 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with VBL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if VBL opens on a positive note, our first target will be ₹641.83. If Target 1 is achieved, we will aim for Target 2 which is ₹653.32.
But if VBL falls below the average value of ₹628.12, you can enter a sell side position with target number 1 - ₹616.63 and second target - ₹602.92
VBL's Weekly Targets
| 1st Up Target | 652.35 |
| 2nd Up Target | 674.35 |
| 1st Down Target | 595.60 |
| 2nd Down Target | 560.85 |
As the week for VBL ended on bullish sentiments, we can expect further continuation of this sentiment. VBL's initial target will be 652.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 595.60 in the upcoming week.
Weekly OHLC Values
| Open | 593.00 |
| High | 639.60 |
| Low | 582.85 |
| Close | 630.35 |
Week for VBL started with an open price of 593.00, and the close was at 630.35. VBL reached the highest of 639.60 and dipped lowest up to 582.85 last week. This indicates a bullish sentiment for the week.
VBL full month swing targets
| Monthly Up Target 1 | 709.10 |
| Monthly Up Target 2 | 731.10 |
| Monthly Down Target 1 | 538.85 |
| Monthly Down Target 2 | 447.35 |
Targets of ₹709.10 can be expected to be reached in the coming month. Once VBL achieved this target, we can aim for the next upside target of ₹731.10.
VBL if fails to hold upside, down targets of ₹538.85 and ₹447.35 can be achieved by end of this month.
For complete three weeks if VBL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as VBL
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
VBL is expected to reach the target of 641.83 in tomorrow's trading session.
After achieving the initial target in VBL, we will aim for higher targets of 653.32 tomorrow.
However, if VBL starts to trade below ₹628.12, then we will shift our focus to the sell side and aim for down targets of 616.63 and 602.92.