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rdkriplani

Venus Pipes - Capex Story

Long
VENUS PIPES & TUBES LTD (NSE:VENUSPIPES)  
rdkriplani  
NSE:VENUSPIPES   VENUS PIPES & TUBES LTD
Trend Analysis
1
0
trendanalysis
With the stock nicely consolidating. THe co has done 3x capex along with backward integration.
The stock will have a triangle breakout above 1450 and a more confirmed one above 1480.
There will also be a new high breakout above 1590.

Long above 1480 & double up above 1590.
SL for the first trade below 1330 and next trade trailing the 50EMA.
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