techtrail

Venkeys India: Awaiting a Bigger Breakout

Long
NSE:VENKEYS   VENKY'S (INDIA)
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9
This is a follow up to the idea published yesterday in Venkeys.
Comment: Price has cleared the resistance at the red-arrow. It was in minor correction and the price action today suggests next leg of uptrend is underway. volumes have picked too. Watch this stock.
Comment: What a move in this stock. This is a text book Wyckoff Accumulation zone. The stock is well into a nice mark-up phase. Lovely chart.
Comment: What a breakout it has been. Lovely move and a classic Wyckoff accumulation and breakout.