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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 2024-02-07 View latest technical analysis

10 day averaged volume of Varroc Engineering is 618763

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	597.55	610.90	632.00	585.20	3.695 times
06 Tue Feb 2024	605.60	610.00	617.00	602.50	0.503 times
05 Mon Feb 2024	600.05	605.00	627.00	596.00	1.309 times
02 Fri Feb 2024	600.35	594.95	619.40	588.15	3.561 times
01 Thu Feb 2024	586.75	556.90	594.95	551.10	2.624 times
31 Wed Jan 2024	555.45	544.95	562.00	544.65	0.512 times
30 Tue Jan 2024	545.15	533.05	547.15	526.20	0.369 times
29 Mon Jan 2024	533.05	517.95	533.80	515.95	0.282 times
25 Thu Jan 2024	514.35	522.90	525.70	513.00	0.236 times
24 Wed Jan 2024	522.90	518.00	526.40	510.00	0.237 times

Stock of Varroc Engineering (VARROC) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 583.8, but if it comes below 583.8, then a intra day sell could be more profitable.
If you take a sell trade below 583.8, then use 583.8 as stoploss and 555.53 as target. However if you take a buy trade in stock , then use 583.8 as stoploss and 617.8 as target.

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	585.20
Downside Target	588.30
Upside Target	619.40
Upside Target	632.00

Intraday share price targets for Varroc Engineering (VARROC)

Target Type	Value
Downside Intraday Target	577.83
Downside Intraday Target	558.12
Upside Intraday Target	624.63
Upside Intraday Target	651.72
Upside Intraday Target	604.92

Weekly technical analysis of Varroc Engineering (VARROC)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	597.55	605.00	632.00	585.20	0.749 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 down 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
07 Wed Feb 2024	597.55	556.90	632.00	551.10	1.197 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 losing 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 coming down

CCI has generated a SELL signal for Varroc Engineering in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 589.49 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.