The stock has cancelled a long correction of about 6 months in just 2 days. The stock looks very bullish, be a bit watchful as results are around the corner for this one. Looks good for short term if rally is held this week. Keep a stop loss at 2370. Go Long.
After long consolidation Venkys gave a breakout with substantial volumes. Ideas and Views are personal. Keeping a Target of 3800 by December and Stop Loss at 2929. If SL triggered then downtrend.
Venkys 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
Note:
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...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
my last view was banned by trading view.. any way will wait till the fall end's and will get into the trade...
disclaimer : im not a SEBI advisor.. kindly trade accordingly to your plan...
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...
* Inverted Head & Shoulder Chart Pattern Breakout with high volume .
CMP-2113.30 RECO-Buy Entry Range-Rs.1800-1860.00 Target-3200.00/4500.00 Stop Loss-1600.00 Closing basis
Duration- 06 to 12 Months.
kindly let us know if you have any question
Stop 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.
