18-09-2019
Might see correction to 1500 levels - it is the best place to buy OR
In current situation It is better to only buy above 1810 on weekly closing basis..
Bullish Bat pattern on 4H Chart of VENKYS. BUY 1543-1545, SL - 1474.9, Target(s) - 1615, 1630.(POSITIONAL)
I started learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
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...
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,...
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 (India) Limited is engaged in the production of day-old layer and broiler chicks for the poultry markets of North India. The Company offers a range of products, such as day old commercial chicks, grown up commercial broiler, refined oil and de-oiled cake for poultry feed. Its segments include Poultry and Poultry Products, Animal Health Products and Oilseed. The Poultry and Poultry Products segment consists of production and sale of day old broiler and layer chicks, specific pathogen free eggs, processed chicken products and poultry feed. The Animal Health Products segment produces and sells medicines and other health products for birds. Its animal health products manufacturing facility is located at Pune. The Oilseed segment produces and sells edible refined soya oil and soya de-oiled cake. Its portfolio of products includes animal health products, pellet feeds, processed and further processed chicken products and solvent oil extraction.
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VENKEYS
