Varun beverages has been testing its breakout levels and and interestingly it has been consolidating near retest. Price has stopped making lower lows and now volume is pushing prices up again and again. A price action for the reference:-
We can call it a triple R concept as well but not until it breaks out the red line marked at 933.
Closed >Red line. Q results on 16Feb tomorrow. Both Coca Cola & Pepsi have stated in their respective call that India bus has recovered well in Dec Q & double digit volume growth expected. Not a reco.to B/S as self not competent/not regd. by SEBI as RIA.