#LONG for Long Term on VENUS REMEDIES
Venus Remedies reached an ATH of 639 on 9th Aug '21and then corrected by approximately 77% to reach a low of 145.80 on 22nd Feb'23. In the month of Feb'23, the scrip took support on the base and has resumed uptrend, forming a triangle pattern in the process.
On 30th May'23, the scrip opened with a very large gap-up ad gained 20% in a day. On the following day its succesfully broke out of the triangle pattern reaching a high of 264. It then corrected for a week before resuming it uptrend again.
Yesterday, it opened with a small gap-up and has risen by 4.99%. Targets '1' & '2' seem achievable in 3 - 9 months.
Potential upside: 79% (Medium Term)
Long Term Target: 688 (139% return potential)
Stop Loss: 264(daily closing basis).
