Friday 25 September, Venky's chart made an engulfing bull candle on its 50 Days Simple moving average.
I think that this is a very positive indication and venky's will surely move forward upwards.
Please check the chart for further study
On 23rd of September Shoppers stop made an engulfing Bullish candle just on the support.
Also after that this stock is wandering around the same levels with good volatility.
Volume have dried up, which we can consider that distribution phase is over and accumulation is ongoing.
Overall a good short term trade can be taken out here.
Call:
Buy near 171
SL @167...
