Varroc Engineering Ltd - Daily Chart Analysis
Market Cap (Mcap): ₹8,025 Cr
Current Market Price (CMP): ₹525.30
52-Week High/Low: ₹632/₹239.45
PE Ratio: 15.77 | PB Ratio: 8.23
Technical Analysis:
Uptrend Breakdown: Broke the uptrend from July 2023, showing a false breakdown.
Close to Lower Bollinger Band: Near the lower Bollinger Band, indicating potential oversold conditions.
Moving Averages: Currently moving below the middle Bollinger Band, suggesting a potential buying opportunity.
Fundamental Analysis:
PE Ratio: 15.77 - Indicates a moderate valuation.
PB Ratio: 8.23 - Reflects a reasonable price compared to book value.
Trading Strategy:
Enter Price Range: ₹524.65 - ₹526
Stop-loss Range: ₹470 - ₹480
Target Price Range: ₹600 - ₹613
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. The suggested entry, stop-loss, and target prices are based on technical and fundamental analysis and market conditions, subject to change.
Current Market Price (CMP): ₹525.30
52-Week High/Low: ₹632/₹239.45
PE Ratio: 15.77 | PB Ratio: 8.23
Technical Analysis:
Uptrend Breakdown: Broke the uptrend from July 2023, showing a false breakdown.
Close to Lower Bollinger Band: Near the lower Bollinger Band, indicating potential oversold conditions.
Moving Averages: Currently moving below the middle Bollinger Band, suggesting a potential buying opportunity.
Fundamental Analysis:
PE Ratio: 15.77 - Indicates a moderate valuation.
PB Ratio: 8.23 - Reflects a reasonable price compared to book value.
Trading Strategy:
Enter Price Range: ₹524.65 - ₹526
Stop-loss Range: ₹470 - ₹480
Target Price Range: ₹600 - ₹613
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. The suggested entry, stop-loss, and target prices are based on technical and fundamental analysis and market conditions, subject to change.
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