Venkys ascending triangle breakoutChart -> Venkys Daily
Ascending triangle breakout with volume pin bar in Venkys.
CMP: 1733
Good Range: 1650 to 1730
Targets: 1800, 1935, 2130
SL: 1600 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
VENKYS
VENKYS INDIA - SHORT TERM AND INVESTMENTVenkys India - CMP 3055-3075
Went up Like rocket then came down to retrace and now its consolidating.. Seems Consolidation OVer Today.. Should do really well now ..
Risk Reward if all targets achieved is 1:4
Take small qty but try to take max beenfit from here
VENKEYSNote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Venkys flying high and tight!!!The high tight flag chart pattern is an extremely rare, bullish formation. Stocks that have amazing fundamentals generally form these. Despite the already big move before the base emerges, the breakouts from this pattern are explosive.
This pattern forms after a stock makes a gain of 100% or more in only 4 to 8 weeks and consolidates while pulling back less than 25% over the course of 3 to 5 weeks.
Darvous box theoryStop loss 1200
Target 1=1900
Target 2 = 2400
Consumption story is very strong in India. According to darvous theory there is trend reversal. Company deals with chicken product and is the major supplier for KFC in india. It has tied up with branded restaurants in India. Good volume is showing a strong trend.
This info is only for educational purpose.