Varun Beverages – Technical Outlook

Varun Beverages – Technical Outlook (SEBI Reg. INH000019886 | Educational Purpose Only) 🔹 Technical View: The stock is trading inside a large falling channel and has taken a sharp bounce from the lower boundary with strong volumes. Bollinger Bands are starting to widen, indicating early momentum expansion. 🔹 Indicators: RSI turning upward from oversold territory. MACD near a positive crossover, hinting at trend reversal. Volume spike confirms fresh accumulation near ₹440–₹450 support. 🔹 Key Levels: Immediate Resistance: ₹482 – a breakout above this can trigger a strong rally. Supports: ₹452 / ₹433 Upside Targets: ₹560–₹610 after a confirmed breakout from the falling channel. 🔹 Bias: Momentum shifting positive; price is positioned for a potential medium-term breakout above ₹482. ⚠️ Disclaimer: Educational analysis only; not investment advice.