The stock of Varun Beverages has been on a decline since the beginning of the year and has lost about 27 per cent so far in 2025. However, the recent price action hints at bears losing traction and it shows that the stock has formed a higher floor at ₹448. While this may not reverse the trend upwards, given the current chart set up, the stock will most likely witness a corrective rally which can lift it to ₹492, a strong resistance. Buy at ₹464 and accumulate at ₹452.
Video Credit: Businessline
Place stop-loss at ₹440. When the stock rises to ₹475, trial the stop-loss to ₹460. On a rally to ₹485, tighten the stop-loss further to ₹470. Liquidate the longs at ₹492.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on July 8, 2025
