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View of Varun Beverages Ltd!!!

Discussion in 'Technical Analysis' started by gunwalvikram, Mar 8, 2017.

  1. gunwalvikram

    gunwalvikram Member

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    Hello Members, I have 100 units of Varun Beverages Ltd at an average price of Rs 392/-. Kindly suggest me the next course of action (Hold or Average out at CMP).
     
    gunwalvikram, Mar 8, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    As per screener they have a Debt to equity: 9.34 and it is better avoided at all levels.

    Also they have results from Dec 2013 and 2 years of loss but has managed to get into profitable territory and so may be considered technically but not fundamentally.

    So what patterns are you looking in this stock.
     
    shabbir, Mar 8, 2017
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  3. gunwalvikram

    gunwalvikram Member

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    What Debt to equity ratio should be considered healthy. And how to calculate Debt to equity Ratio of a particular share.

    Sent from my Lenovo P1ma40 using DIY Technical Analysis mobile app
     
    gunwalvikram, Mar 8, 2017
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  4. gunwalvikram

    gunwalvikram Member

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    gunwalvikram, Mar 8, 2017
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  5. raja_praveen

    raja_praveen Champion

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    Occupation:
    CHARTS READING
    VBL cmp 365 major support @ 350 levels. This level is important and it should not break. IF breaken it will go down steeply.
    You may hold upto 350 or may sell the stock immediately to preserve your capital.
    For considering AVG the stock must at least put some efforts to cross price of 420-430. Then you may consider Averaging.
    Never ever Average a falling stock. Its like catching a falling knife>> It hurts .
    (These are my personal views and based upon my experience in tech analysis. )
     
    raja_praveen, Mar 8, 2017
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  6. gunwalvikram

    gunwalvikram Member

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    gunwalvikram, Mar 8, 2017
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  7. shabbir

    shabbir Administrator Staff Member

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    Anything under 1 is good but I prefer it to be lower than 0.75 in most occasion for investment.
     
    shabbir, Mar 9, 2017
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  8. shabbir

    shabbir Administrator Staff Member

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    Technical studies are based on price patterns and what made you to buy this stock?
     
    shabbir, Mar 9, 2017
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  9. gunwalvikram

    gunwalvikram Member

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    gunwalvikram, Mar 9, 2017
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  10. gunwalvikram

    gunwalvikram Member

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    gunwalvikram, Mar 9, 2017
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  11. shabbir

    shabbir Administrator Staff Member

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    It is not that kind of stock that I will keep holding in my portfolio for the reasons I already mentioned.
     
    shabbir, Mar 9, 2017
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  12. gunwalvikram

    gunwalvikram Member

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    gunwalvikram, Mar 9, 2017
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  13. shabbir

    shabbir Administrator Staff Member

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    That would be a wise decision.
     
    shabbir, Mar 10, 2017
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