cmp 1437 stop loss 1427 target 1450/1460
VENKEYS 1253 is ready for a break out from the consolidation.
purpose of posting this chart is not to trade.just to highlight a event impact technical chart gets a reason to cheer /breakout. 12 feb 2016 price 215 21 april 2017 price 1300 21st march 2017 - breakout of flag pattern ( ban on illegal slaughterhouse in up) in last1 month price 65% return 1 year 4 month return 600% what a move ..
Venky's:- will it complete any of these pattern. Yet to be seen. Keep in Watch list. What if it does:- Target 1- 600 Target 2- 660 SL 500
This is a follow up to the idea published yesterday in Venkeys.
Looks like a Wyckoff accumulation. After the breakout, there is retest aka BUEC in Wyckoff terms. Looks bullish.