Venkys falling wedgeVenkys falling drastically of the wedge.. the three dotted lines are the support linesShortby maxcarvin0
Venkys is falling of the wedge sharply.Venkys is falling of the wedge sharply. It has the below support a dotted linesby maxcarvin0
Venkys is falling of the wedge sharplyVenkys is falling of the wedge sharply. It has the below support levels marked in dotted lines where the price can get suppport by maxcarvin0
VENKYS - Bullish Bat - 4H TFBullish 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. Longby c0dchefUpdated 0
Resistance is working2112 seems to be a strong resistance, as it failed to surmount it in the last two trading days. The stock earlier got support of the descending angle and will eventually cross 2112 to be in contention in a couple of days. by sabyasachi_nath1
May turn bullish when it crosses descending angle on MondayIf it turns bullish and remains in green tomorrow, intermediate term target will be 2630. Support at 2015 by sabyasachi_nath3
BullishSupport at 2725, Resistance at 3000. If resistance is crossed on closing basis, next target is at 3378Longby sabyasachi_nath3
BullishSupport is at 2725, resistance at 3000, target 3400- intermediate term. Longby sabyasachi_nath3
Made good moveToday 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.Longby sabyasachi_nathUpdated 1
ConsolidatingMay consolidate and go to a level around 2600. Medium term target:3200by sabyasachi_nath0
ConsolidatingVenky's: Support at 2564, resistance at 3130-3150, if it crosses, an upside up to 4850 can be seen in medium term.by sabyasachi_nath0
Venky's coul not cross resistanceVenky's coul not cross resistance and closed lower. Likely to cross and cose above 3205 on monday. Next target 3950.Longby sabyasachi_nath110
Overbought and Oversold RSI - The Myth !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 line there will be some pullbacks. IF RSI gets Overbought or Oversold and we get a minor pullback in prices then it must not be considered as a reversal in direction. It Can be dangerous to believe that just because the RSI shows overbought or oversold condition then its time to sell or buy. Once we understand What RSI really does, Overbought and oversold conditions must not be a signal of reversal for us which indicate that price will change its direction. It's a myth and we may miss out on a lot of bigger moves on those momentum stocks. Following example is a perfect case of Overbought And Oversold RSI And still price continued its Main Direction on Weekly, Daily and on 15 Minutes Charts as well. Example 1) When Price was at 500 levels RSI did show overbought Conditions and From that, it remained in overbought zone for a long time and price rallied almost 5 times to 2500 levels. Example 2) RSI was Oversold When Price was around 880 and Since then it made a low of 670 Almost 25% fall remaining in Oversold Conditions. ( Daily Chart ) Example 3) Nifty on 15 Minutes Chart Since when RSI Went below 30, Oversold condition and Nifty gave up another 300 points from there. Example 4) Banknifty Rallied almost 700 Points Since RSI showed Overbought Condition. ( 15 Minutes ) The RSI done not provide signals to buy when it is overbought or oversold. It simply means that the prices are very strong or very weak. I know that most of experience traders are here who already knows this things. Thank you, EEz Educationby Equity-Earningz3310
very good risk to reward. would you buy???very good risk to reward, 1:3 would you buy???Longby Mh_5Updated 0
Venkeys India: Time to Be Cautious !!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, accompanied by a spike in volume. Just ask yourself why would smart-money buy at lofty levels and let price crack thereafter? Next logical question is: Is the smart-money selling or distributing? We can only make intelligent guess and price action is supreme. I am inclined to believe that price could congest or correct in the near future. If you are holding the shares, time to tighten stops. by techtrailUpdated 6
VENKEYS: 1253 Resistance 1400. stop1230VENKEYS 1253 is ready for a break out from the consolidation.by padiyaraUpdated 3310
venkeys 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 .. by kacharts116