Auto & Transport Roundup: Market Talk

0727 GMT – Varroc Engineering stock-price bias may shift to a positive trajectory from a downtrend after it broke above the neckline of an “inverted head & shoulders” pattern at INR520.00 with a strong bullish candle, Axis Securities analysts say in a research report. Increased trading volume perceived at this breakout further highlights market participation, reinforcing its significance, the analysts say. The stock price’s ability to sustain levels above key short- and medium-term moving averages also signals a positive bias to its path, the analysts say.

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