@ calmeshenoy:
View on Varun Ind
Technically stock is broken its support level with increased volume.
Stock may test the 30-20 lower levels. Stock is in down trend for short- mid term.
It is below it's 15-days EMA (148.14), 20-days EMA (166.28), 50-days EMA (200.27) & 100-days EMA (193.58) which confirms the stock is in down trend.
Exit this counter if possible.