Buy Varroc engg.
On daily charts, stock closed with a cup formation at strong resistance of 420.7 after a gap of 6 months with huge jump in volumes and on weekly chart, stock attempted almost thrice to cross this resistance in the past. Best buy at 405 with SL 365. If the stock breakout with good volumes and closes above 421, then buy at 421 with SL 397 with near term target of 475. Stock has strong uptrend and both RSI and Relative strength looking bullish. Also, moving average indicates uptrend. stock closed on upper BB.
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