Venus Pipes, Squeezing tight 1920 targetVenus pipes forming triangle pattern, company is growing good and technically also seems good. Target 1920 from CMP.
🚨 DYOR
🚨 SL must it depends on your risk appetite
VENUSPIPES trade ideas
Venus Pipes Rectangular breakoutVenus Pipes weekly MaCD breakout. Daily chart RSI breakout. Very strong fundamental stock.
LONG VENUS PIPESOne can long Venus pipes with an SL of 1200. Please consider that I am not a SEBI Reg. Analyst. Do your own research before trading or investing.
Inside bar rises the bar Can go long above the high of the candle
safe traders can exit at the mentioned target
Stoploss can be little down at the previous swing low but its for high capital traders
Venus Pipes- v shape recovery and neckline breakout-v shape recovery and neckline breakout
-Also all time high breakout with strong candle
-Volume rising in lower time frame
-No sharp selling from resistance area
Ready to Break Symmetrical Triangle ?After a big rally consolidated the stock, and trying to give a breakout from the Bullish Symmetrical Triangle pattern. Possible upside movement expected from current levels 1400 with risk of 10% , 1280 .
Venuus pipe weekly Breakout retesting Second run is going to start in Venus pipe 😀 . Ascending triangle breakout on weekly chart. Long on this chart as whole sector is breaking out on same time.
VENUSPIPES
The stock has been in an uptrend since its listing.
In February 2024, the stock cleared its recent consolidation phase by clearing its previous all time high, along with Weekly MACD crossing above its Trigger line.
Past price behavior suggests that rally could be strong and quick.
Conservative target (decreasing FR sequence) is around 2800.
Bullish view remains intact as long as price is above 1580.
Venus Pipes Long PositionalDate : 02-03-2024
Buy Venus Pipes above 1925
Target of 2041, 2157, 2381, 2616, 2847
SL 1440
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few Weeks To Months
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Bluesky Breakout with Volume.#VENUSPIPES
It is a manufacturer and exporter of stainless steel pipes and tubes.
Market Cap₹ 3,417 Cr.
ROCE 22.9%
InstHold 13.1%
Growth YOY :-
SALES 52%
PAT 106%
Bluesky Breakout with Volume.
Cup with handle Stock in uptrend
Creating life time high
Profit booking in stock
Mentioned Target in chart
No recommendation for buy and sell
1500 is good support for the stock
Short term to Long Term Investment Trade : Target 2500% Returns About Company:-
Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.
Market Cap
₹ 1,605 Cr.
Current Price
₹ 782
High / Low
₹ 822 / 316
Stock P/E
41.3
Book Value
₹ 147
Dividend Yield
0.06 %
ROCE
36.3 %
ROE
37.6 %
Face Value
₹ 10.0
Debt
₹ 53.0 Cr.
EPS
₹ 20.5
PEG Ratio
Promoter holding
48.2 %
Intrinsic Value
₹
Pledged percentage
0.00 %
EVEBITDA
24.9
PROS
Company is expected to give good quarter
Company has a good return on equity (ROE) track record: 3 Years ROE 47.0%
CONS
Working capital days have increased from 94.1 days to 150 days
Stock is looking good on chart. Breakout already taken place and retest also done now for this sky only the limit. If anyone is going for just trading please follow given levels. For investor no need any stop loss just invest and forget. Company Business Model is futuristic and this is the main reason i am thinking for long term in it. I am seeing it minimun 25 times from here, in coming next decade.
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Flagggg Pattern in $VENUSPIPESChart is showing everything, what it is not showing is Targets and SLs and other indicators. I am terrible with targets so find it yourself. Now let's talk about SLs, First at 6% and next 9%, now you can Accumulate at 6 and sell at 9 or Sell at 6 or Sell at 9, it's totally upto you. Other indicators are bullish. Volume is good. And 'I' think it's enough to trade in stocks. Enjoy.
Note - This is not a Financial Advice. Just a prediction done by me. So always do your own research before trading.
Venus Pipes - Capex StoryWith the stock nicely consolidating. THe co has done 3x capex along with backward integration.
The stock will have a triangle breakout above 1450 and a more confirmed one above 1480.
There will also be a new high breakout above 1590.
Long above 1480 & double up above 1590.
SL for the first trade below 1330 and next trade trailing the 50EMA.
Venus Pipes - Good result expectationWith capacity expansion..backward integration plus low base YOY on results..
The stock has all the ingredients to do well..
The setup too is saying its primed to breakout after a 3 month consolidation.. (Triangle breakout)
Long above 1415 with a double up above 1485.
Stoploss of the first trade at 1290 ideally but for shorter term traders either below 1330 or even below 1360 if your horizons are super short term.
Buy Venus Pipes & TubesBuy Venus Pipes & Tubes (NSE:VENUSPIPES)
Buy Range- 920 - 940
Target- 1000 - 1020
StopLoss- below 885
Potential Return- 8-10%
Approx trade duration 12 - 14 days
VenuspipeVenus pipe capacity expansion by from 12000 tonnes
To 36000 tonnes will be operational by end of fy23
Or fy24 Q1
And Ashish kacholia bought 4lakh quantity at 750₹
Looking good for long term or midium term
I think easily 1:2 Target achieve after Target book half money that you invest
Venus Pipes and Tubes super bullishMy EMA indicator is throwing super bullish signal for this stock.
All the EMA are inline and the high before all the crossovers is taken out.
Big positive confirmation candle can be seen.
50% off load when 20 EMA is crossed under and rest around 200 EMA on closing candle basis.
#VENUSPIPEMultiple Inside Bar seen in daily time frame, BO either side as per mentioned level. Watch
Venuspipes looks bullish in hourly timeframeVenuspipes has Flag and pole breakout in hourly timeframe.
Looks good to buy at 609 for target of 663 with sl below 568
VENUSPIPES - Ichimoku Bullish Breakout Stock Name - Venus Pipes & Tubes Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 448
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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