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Price and trend forecast of VARROC for Tomorrow, Weekly, Monthly

Varroc Engineering Limited

Symbol: NSE:VARROC

ISIN: INE665L01035

551.80

As on 2024-05-27

298.05 (52W Low) 632.00 (52W High)

VARROC's Today's Performance

Varroc Engineering Limited started the day by opening at 572.65 today 2024-05-27. Its shares reached a high of 576.50 and dipped to a low of 548.05 in intraday. When the markets closed, VARROC’s stock price settled at ₹551.80 per share. Also check out its key support and resistance levels.

VARROC Buy/Sell Targets

Tomorrow, sell VARROC when its price reaches ₹ 551.80 with a stop-loss order at ₹ 562.45. You can set the target price as ₹ 541.15 to capture potential gains. This sell 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 VARROC 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 VARROC

Downside Targets Value in ₹
Tomorrow Down Target 1 570
Tomorrow Down Target 2 587
Tomorrow Down Target 3 598

Important Levels for VARROC

Holding Levels Value in ₹
Tomorrow Up Target 1 541
Tomorrow Up Target 2 530
Tomorrow Up Target 3 513
Based on where the stock opens tomorrow, if VARROC opens on a positive note, our first target will be ₹570. If Target 1 is achieved, we will aim for Target 2 which is ₹587.

But if VARROC falls below the average value of ₹558.78, you can enter a sell side position with target number 1 - ₹541 and second target - ₹530 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 VARROC

Looking at VARROC, we've seen a Decreasing 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, VARROC has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for VARROC is moderate bullish.

Tomorrow's Volume based share price Forecast for VARROC

VARROC's Volume is currently in a Decreasing 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 -25%.

Reversal detection for VARROC

Predicted trend chart of VARROC tomorrow for price forecast
VARROC may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹574 in morning tomorrow
Target 1 tomorrow570
Target 2 tomorrow576
Target 3 tomorrow587
 

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 VARROC'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 VARROC opens on a positive note, our first target will be ₹569.52. If Target 1 is achieved, we will aim for Target 2 which is ₹587.23.

But if VARROC falls below the average value of ₹558.78, you can enter a sell side position with target number 1 - ₹541.07 and second target - ₹530.33

VARROC's Weekly Targets
1st Up Target 569.52
2nd Up Target 587.23
1st Down Target 541.07
2nd Down Target 530.33

As the week for VARROC ended on bearish sentiments, we can expect further continuation of this sentiment. VARROC's initial target will be 569.52 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 541.07 in the upcoming week.

Weekly OHLC Values
Open 572.65
High 576.50
Low 548.05
Close 551.80

Week for VARROC started with an open price of 572.65, and the close was at 551.80. VARROC reached the highest of 576.50 and dipped lowest up to 548.05 last week. This indicates a bearish sentiment for the week.

VARROC full month swing targets
Monthly Up Target 1 597.97
Monthly Up Target 2 615.68
Monthly Down Target 1 512.62
Monthly Down Target 2 473.43

Targets of ₹597.97 can be expected to be reached in the coming month. Once VARROC achieved this target, we can aim for the next upside target of ₹615.68.

VARROC if fails to hold upside, down targets of ₹512.62 and ₹473.43 can be achieved by end of this month.

For complete three weeks if VARROC 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.

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Summary

VARROC is expected to reach the target of 569.52 in tomorrow's trading session.

After achieving the initial target in VARROC, we will aim for higher targets of 587.23 tomorrow.

However, if VARROC starts to trade below ₹558.78, then we will shift our focus to the sell side and aim for down targets of 541.07 and 530.33.