Multi Year Breakout - Cup and Handle Pattern (Don't Miss)
Venky's (India) Ltd. is involved in the business activities of Raising and breeding of chickens and capons, ducks, geese, turkeys and guinea fowls chickens and capons, ducks, geese, turkeys and guinea fowls.
The stoke is ready to break its Multi Year Resistance with Cup & Handle Pattern on charts. The stock has already broken out of the handle with rise in volume. The stock is technically placed above its 50 DMA and 100 DMA. 10 DMA crossed 50 DMA and 100 DMA today itself. The RSI is also placed at perfect levels on weekly as well as monthly chart.
The Company is fundamentally very strong with a very healthy Balance Sheet. The company has a debt of only 2%. The Company has posted some outstanding results in last three quarters. EPS of the Company has grown significantly during the last three quarters i.e 167%, 1917% & 181% respectively. Compared to the number posted by the company, the stock price has not moved at par with the results.
Add for targets of 2200-2400 with SL at 1640. Don't miss stock for the next two months.
Feel free to share your feedback and queries.
The stoke is ready to break its Multi Year Resistance with Cup & Handle Pattern on charts. The stock has already broken out of the handle with rise in volume. The stock is technically placed above its 50 DMA and 100 DMA. 10 DMA crossed 50 DMA and 100 DMA today itself. The RSI is also placed at perfect levels on weekly as well as monthly chart.
The Company is fundamentally very strong with a very healthy Balance Sheet. The company has a debt of only 2%. The Company has posted some outstanding results in last three quarters. EPS of the Company has grown significantly during the last three quarters i.e 167%, 1917% & 181% respectively. Compared to the number posted by the company, the stock price has not moved at par with the results.
Add for targets of 2200-2400 with SL at 1640. Don't miss stock for the next two months.
Feel free to share your feedback and queries.
Comment:
20% in just one day. Cheers to those who booked profits and better luck next time to those who missed it
Trade closed: target reached:
All Targets met in Just 6 days of time, the stock made a high of 2444 today on NSE. Cheers to those who made a return of 35% in just 6 days. Better luck next time for those who missed it. Stay active and do follow me for many such stocks to come.
Comment:
Can hold this Stock for long run for a target of 3000-3500. Time frame 6-8 Months