If it turns bullish and remains in green tomorrow, intermediate term target will be 2630. Support at 2015
Support at 2725, Resistance at 3000. If resistance is crossed on closing basis, next target is at 3378
Support is at 2725, resistance at 3000, target 3400- intermediate term.
Today the stock came back from 3/1 resistance. Tomorrow it has to close above 2370 to move further. In case it is able to do so, the naxt target will be 3314.
May consolidate and go to a level around 2600. Medium term target:3200
Venky's: Support at 2564, resistance at 3130-3150, if it crosses, an upside up to 4850 can be seen in medium term.
Venky's coul not cross resistance and closed lower. Likely to cross and cose above 3205 on monday. Next target 3950.
Turned bullish. Support at 2130, target 2475
Generally, When RSI shows values higher than 70 or below 30, this is to considered as stock or index is overbought or oversold. But that's not always the case. As we just learned In The Introduction : Relative Strength Index (RSI) that a high RSI means that there were more bullish candles then bearish candles. As stock or index can't go up or down in straight...
very good risk to reward, 1:3 would you buy???
This stock has been a star performer and I have tracked and traded it too. This stock has been featured here way before the move started. I did not participate in the run up fully though. OK, that was a brief background. Off to the charts now. Notice the spike in trading volume and the price action. We have seen one of the biggest percentage decline in the stock,...
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 ..
This is a follow up to the idea published yesterday in Venkeys.