Venkeys formed bullish kicker candle on above average volumes, right on the lower parallel line of the pitchfork and looks set to breakout above the recent consolidation range.
Stock is above 150 & 200 SMA ✅
MACD and RSI are A-ok ✅
CMP 3060. My Short term target 3780 (or maybe i'll trail until it hits the median (center) line depending on the strength shown) SL...
#VENKEY (W): Maintaining an uptrend with correct higher high and higher low formations, it has now established a new higher low. Return to the prior breakthrough zone for a retest.
1) Retest Done
2) Risk to Reward Ratio is good :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment...
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Is this a good buy? How would you play this?
RSI: 60-60-40 (GrandFather-Father-Son).
1. Support at trend line
2. Support at 61.8% Fibonacci
3. Support from 50 Day Moving Average
1. Break out from Old Resistance, but not very strong.
Let me know your thoughts!
Pole and flag formed and it's in the verge of flag. Might expect breakout in next 1 or 2 days with narrow CPR for upcoming week.
Disclaimer: Not a SEBI registered analyst. Request you to do your own analysis before taking positions.