VENKEYS trade ideas
BREAKOUT IN VENKYS (INDIA) LTD #TRADINGOPPORTUNITYBREAKOUT IN VENKYS (INDIA) LTD #TRADINGOPPORTUNITY
Super duper,,, no duperBought full position at once, actually not risking what I actually do... Very small compared to it but won't be adding more...
Sl wcb
IF BREAKOUT THAN BIG MOVE IN VENKY INVERTED H & S ,ONLY FOR EDUCATION PROPOSE .....LETS WATCH VENKYAS
Venkys sitting in positive channelVenkys has fallen gap down for three days
It slightly went out of the channel but is in it now.
If you on w FUNDAmentally why it fell comment
Personally let it get inside the channel for a day and then go long,
Levels on chart
Venkeys BreakoutVenkeys breakout and waiting for some minor selloff to enter... ignore if there is no selloff since SL is very high
Venky's buy above 1627. Target 1905. Stop-loss 1545.Venky's buy above 1627. Target 1905. Stop-loss 1545.
NSE:VENKEYS - Venky's (India) Ltd
Venkys (India) has diversified its activities in poultry sector that includes the production of SPF eggs, chicken and eggs processing, broiler and layer breeding, animal health products, Poultry feed & equipment, soya bean extract and many more.
The company derives 50% of its business from poultry and poultry products with rest coming from animal healthcare products (AHP) and oil seed division. Within poultry division, company sells broiler/layer DOC, commercial grown up birds, processed chicken and SPF (specific pathogen free) eggs. VIL is one of the largest manufacturers of SPF eggs in India and these eggs are used for manufacturing poultry and human vaccines.
> DARVAS BOX SUGGEST breaking out of the lower box to upward box
> Big volume from last three weeks
NSE:VENKEYS - Venky's (India) LtdVenkys (India) has diversified its activities in poultry sector that includes the production of SPF eggs, chicken and eggs processing, broiler and layer breeding, animal health products, Poultry feed & equipment, soya bean extract and many more.
The company derives 50% of its business from poultry and poultry products with rest coming from animal healthcare products (AHP) and oil seed division. Within poultry division, company sells broiler/layer DOC, commercial grown up birds, processed chicken and SPF (specific pathogen free) eggs. VIL is one of the largest manufacturers of SPF eggs in India and these eggs are used for manufacturing poultry and human vaccines.
> DARVAS BOX SUGGEST breaking out of the lower box to upward box
> Big volume from last three weeks
Venkeys Daily Chart ResistanceThis is a pretty important resistance for Venkeys. The stock has a tendency to retest 1000 levels. The last time such a retest happened, it broke out of an upper circuit spree. This time around, the candles do not inspire confidence as the most recent three indicate a fair bit of choppiness. Volumes appear to be fairly good and momentum seems sufficient to breach resistance, too. However, it remains to be seen how the stock will react given broad-market cues. As a frozen foods stock, demand should hopefully remain evergreen, with production ramping up due to Unlock 1.0.
Once this resistance is breached, we might see a slowdown at 1330 or so.
External Events that cause price change: Price BandsForget Fundamentals and Technicals, see the external trigger of Circuit Price band change and its impact here... Exchange moved price band 5% to 20%!!
BUY VENKYS 525 to 520 TARGET 540-550 VENKYS MADE 52 WEEK HIGH A WEEK BACK AROUND 575 AND HAS GIVEN 10 % CORRECTION.
OSCILLATORS ARE IN OVERSOLD AND ITS RIPE FOR TECHNICAL RECOVERY.
IF BULL RUN CONTINUES IT HAS VERY HIGH PROBABILITY OF MAKING NEW HIGH OF 600 .
HOWEVER FOR A CAUTIOUS TRADER 540-550 SHOULD BE EASILY AND QUICKLY ACHIEVABLE TARGET.
TRADE WITH CAUTION.
Rgds
Sandeep
