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(VARROC) Varroc Engineering complete technical analysis [charts+indicators] | Buy/Sell Varroc Engineering | (VARROC) share price targets

Complete technical analysis of Varroc Engineering (VARROC) by charts plus indicators, forecast predictions and share price targets for Varroc Engineering (VARROC)

Showing technical analysis as on 2024-02-06 View latest technical analysis

10 day averaged volume of Varroc Engineering is 602917

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	605.60	610.00	617.00	602.50	0.516 times
05 Mon Feb 2024	600.05	605.00	627.00	596.00	1.343 times
02 Fri Feb 2024	600.35	594.95	619.40	588.15	3.655 times
01 Thu Feb 2024	586.75	556.90	594.95	551.10	2.693 times
31 Wed Jan 2024	555.45	544.95	562.00	544.65	0.525 times
30 Tue Jan 2024	545.15	533.05	547.15	526.20	0.379 times
29 Mon Jan 2024	533.05	517.95	533.80	515.95	0.29 times
25 Thu Jan 2024	514.35	522.90	525.70	513.00	0.242 times
24 Wed Jan 2024	522.90	518.00	526.40	510.00	0.243 times
23 Tue Jan 2024	520.10	543.20	547.05	516.15	0.377 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 611.8, for a target of 579.9 or 553.29

Share price targets for Varroc Engineering (VARROC)

Target Type	Value
Downside Target	433.05
Downside Target	510.00
Downside Target	547.05
Downside Target	568.00
Downside Target	577.00
Downside Target	583.50
Downside Target	588.30
Downside Target	596.00
Upside Target	619.40
Upside Target	627.00

Intraday share price targets for Varroc Engineering (VARROC)

Target Type	Value
Downside Intraday Target	592.07
Downside Intraday Target	578.53
Upside Intraday Target	623.07
Upside Intraday Target	640.53
Upside Intraday Target	609.53

Weekly technical analysis of Varroc Engineering (VARROC)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	605.60	605.00	627.00	596.00	0.247 times
02 Fri Feb 2024	600.35	517.95	619.40	515.95	6.763 times
25 Thu Jan 2024	514.35	528.95	547.05	510.00	0.495 times
19 Fri Jan 2024	527.65	555.00	568.00	520.75	0.912 times
12 Fri Jan 2024	553.40	561.05	577.00	548.00	0.822 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Varroc Engineering (VARROC)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	605.60	556.90	627.00	551.10	0.819 times
31 Wed Jan 2024	555.45	554.20	577.00	510.00	0.491 times
29 Fri Dec 2023	554.20	543.00	588.30	514.00	0.513 times
30 Thu Nov 2023	537.65	462.90	583.50	441.15	3.806 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Varroc Engineering (VARROC)

Price action analysis of Varroc Engineering ( (VARROC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Varroc Engineering ( (VARROC) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Varroc Engineering ( (VARROC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Varroc Engineering stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Varroc Engineering in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Varroc Engineering Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Varroc Engineering in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Varroc Engineering is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 583.97 and Varroc Engineering (VARROC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Varroc Engineering (VARROC) stock. Volume based technical analysis of Varroc Engineering (VARROC) stock is negative.

Varroc Engineering Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.