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VENKYS (INDIA) LTD.VENKYS (INDIA) LTD.VENKYS (INDIA) LTD.

VENKYS (INDIA) LTD.

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VENKEYS trade ideas

Venky's still have downside?I am looking it at the Monthly level - you can see the price inside the Big Triangle. Currently price is completing the second leg of the Triangle zig-zag. If my assumption is right, there is still room for 30-35% downside, until it hits the lower wall of the Triangle. Venky's being one of the largest company in India engaged in poultry, breeding and chicken meat processing. Good fit under the Consumption Theme. Every-one is waiting for consumption revival. If we go by the narrative and taking the assumption of market's sector rotations. I am see the convergence at the bottom wall of the triangle. I am waiting for the price to hit that wall. What are your thoughts? will it go down from current level? or Sustain here?
BSE:VENKEYSShort
by shivalingesh
Comprehensive Analysis of VENKEYS (NSE: VENKEYS)Technical Overview: 1. Doji on Rising Trendline: The weekly chart for VENKEYS reveals a Doji candlestick pattern occurring at a rising trendline. A Doji signals market indecision and potential trend reversal. In the context of a rising trendline, it suggests a point of equilibrium between buyers and sellers. 2. Triangle Pattern Formation: The observation of a Doji on the rising trendline hints at a possible triangle pattern formation. Triangles are consolidation patterns that often precede significant price movements. A breakout from this pattern could signify the resumption of the prior trend. 3. RSI Divergence: The presence of divergence on the Relative Strength Index (RSI) adds weight to the analysis. Bullish divergence, when RSI forms higher lows while prices form lower lows, can indicate weakening bearish momentum and potential upward price movement. 4. Fundamental Factor: Considering the increasing global prices of eggs, which is a significant component of Venky's business, could act as a fundamental catalyst. Elevated egg prices may positively impact the company's revenue and profitability. Trade Execution Strategy: 1. Entry: Consider entering a long position at the current market price (CMP) of 1989. The entry aligns with the technical observations of the Doji on the rising trendline and the potential triangle pattern formation. 2. Stop Loss Placement: Set a stop loss at 1850 to manage risks effectively. This level is strategically chosen to allow for potential price fluctuations while providing a safeguard against adverse market movements. 3. Target Setting: Set a target of 2120 (Target-1) and 2251 (Target-2). These levels are identified based on the anticipated breakout from the triangle pattern, considering the historical context and potential bullish momentum. Risk Factors and Considerations: 1. Triangle Breakout Confirmation: The trade's success relies on the confirmation of a breakout from the triangle pattern. Await decisive price action beyond the pattern boundaries for confirmation. 2. Egg Price Dynamics: Stay updated on global egg price trends, as any significant changes can impact Venky's revenue and overall business dynamics. 3. Continuous Monitoring: Regularly monitor the trade for any changes in the technical setup or unforeseen market developments. Be prepared to adjust the strategy based on evolving conditions. Conclusion: VENKEYS exhibits an interesting technical setup with the Doji on the rising trendline, potentially indicating a triangle pattern. The trade is initiated with a comprehensive risk management strategy, acknowledging potential risks and uncertainties. Keep a keen eye on both technical and fundamental factors for a well-informed trading approach.
NSE:VENKEYSLong
by yaashul
Venkys India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
BSE:VENKEYS
by Sunstorminvest
VENKEYSCompany website venkys.com 4000cr worth Pune-based Indian poultry major . First Indian corporate to own an English Premier League football club ( global footprint ) Preferred supplier to Qsr like KFC, Pizza Hut, McDonalds and TGI, besides having own version of quick service retail outlet Venky''s XPRS Pat reducing due to aggressive expansions. Products are delicious, must try ( Personal taste buds agree ) What works- Growing healthy/ unhealthy lifestyle- young gen's focus on protein/ green meat, fast food, pet grooming VERTICALS- AHP (Animal Health Care Products) Biotech Health Care Products Egg Powder FMCG Vaccines Feed Supplements
NSE:VENKEYSLong
by EVOQUE5000
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