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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 2024-05-16 View latest technical analysis

10 day averaged volume of Varroc Engineering is 225519

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	549.85	551.30	558.20	541.70	1.64 times
15 Wed May 2024	547.05	533.00	551.50	516.05	3.049 times
14 Tue May 2024	519.45	508.55	525.00	507.30	0.877 times
13 Mon May 2024	507.30	499.00	513.35	483.40	0.772 times
10 Fri May 2024	496.35	484.00	503.90	482.85	0.48 times
09 Thu May 2024	483.85	502.00	506.65	480.15	0.484 times
08 Wed May 2024	504.10	504.00	507.15	499.80	0.328 times
07 Tue May 2024	503.15	514.70	518.90	500.00	0.626 times
06 Mon May 2024	512.80	529.00	530.70	509.20	0.651 times
03 Fri May 2024	527.65	536.30	540.20	509.25	1.507 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 551.2, for a target of 532.3 or 516.64

Share price targets for Varroc Engineering (VARROC)

Target Type	Value
Downside Target	433.00
Downside Target	480.15
Downside Target	494.00
Downside Target	506.15
Downside Target	521.00
Downside Target	531.80
Downside Target	540.20
Upside Target	558.20
Upside Target	564.50
Upside Target	577.00
Upside Target	632.00

Intraday share price targets for Varroc Engineering (VARROC)

Target Type	Value
Downside Intraday Target	502.77
Downside Intraday Target	455.68
Upside Intraday Target	577.57
Upside Intraday Target	605.28
Downside Intraday Target	530.48

Weekly technical analysis of Varroc Engineering (VARROC)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	549.85	499.00	558.20	483.40	2.467 times
10 Fri May 2024	496.35	529.00	530.70	480.15	0.588 times
03 Fri May 2024	527.65	512.00	540.20	509.25	1.461 times
26 Fri Apr 2024	514.20	511.00	531.80	506.15	0.919 times
19 Fri Apr 2024	508.95	504.05	525.00	494.00	0.843 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Varroc Engineering (VARROC)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Thu May 2024	549.85	525.80	558.20	480.15	0.388 times
30 Tue Apr 2024	525.70	509.95	564.50	494.00	1.543 times
28 Thu Mar 2024	503.85	492.00	521.00	433.00	0.331 times
29 Thu Feb 2024	487.55	556.90	632.00	482.75	2.191 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Varroc Engineering ( (VARROC) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 stronger in this stock.

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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 528.01 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.