#LONG for Long Term on VENUS REMEDIES

Jul 8, 2023

• Venus Remedies reached an ATH of 639 on 9th Aug '21and then corrected by approximately 77% to reach a low of 145.80 on 22nd Feb'23. In the month of Feb'23, the scrip took support on the base and has resumed uptrend, forming a triangle pattern in the process.
  
  
• On 30th May'23, the scrip opened with a very large gap-up ad gained 20% in a day. On the following day its succesfully broke out of the triangle pattern reaching a high of 264. It then corrected for a week before resuming it uptrend again.
  
  
• Yesterday, it opened with a small gap-up and has risen by 4.99%. Targets '1' & '2' seem achievable in 3 - 9 months.
  
  
• Potential upside: 79% (Medium Term)
  
  
• Long Term Target: 688 (139% return potential)
  
  
• Stop Loss: 264(daily closing basis).
  

Aug 30, 2023

Note

Stop Loss may be lowered to 211 for fresh entry based on risk appetite.

Nov 12, 2023

Note

Target 1 achieved on Muhurat trading day!!

Nov 12, 2023

Note

Next entry only when day closing is above 350

Aug 2

Note

The stock may gain momentum in near term.