Venkys India, chart showing rising wedge pattern, which is considered bearish. Limited upside upto 1830-50 and then a fall till support as shown on chart.
First ever bearish chart I'm posting. 😇😅
No advice, Do your own research.
Swing Call for Wednesday 7th of October 2020 // This is a swing trade call and not an intra-day trade//
NSE:VENKEYS
CMP / LTP: 1540
TARGET: 1770+(15% Around)
STOP LOSS: 1385 (10% Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL...
Friday 25 September, Venky's chart made an engulfing bull candle on its 50 Days Simple moving average.
I think that this is a very positive indication and venky's will surely move forward upwards.
Please check the chart for further study
After breaking a long downtrend line accompanied with huge volumes, it has relatively outperformed the benchmark index in recent times. CRS is showing strength. Consumption sector is also in flavour.
