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#LONG for Long Term on VENUS REMEDIES

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NSE:VENUSREM   VENUS REMEDIES LTD

  • Venus Remedies reached an ATH of 639 on 9th Aug '21and then corrected by approximately 77% to reach a low of 145.80 on 22nd Feb'23. In the month of Feb'23, the scrip took support on the base and has resumed uptrend, forming a triangle pattern in the process.

  • On 30th May'23, the scrip opened with a very large gap-up ad gained 20% in a day. On the following day its succesfully broke out of the triangle pattern reaching a high of 264. It then corrected for a week before resuming it uptrend again.

  • Yesterday, it opened with a small gap-up and has risen by 4.99%. Targets '1' & '2' seem achievable in 3 - 9 months.

  • Potential upside: 79% (Medium Term)

  • Long Term Target: 688 (139% return potential)

  • Stop Loss: 264(daily closing basis).
Yorum:
Stop Loss may be lowered to 211 for fresh entry based on risk appetite.
Yorum:
Target 1 achieved on Muhurat trading day!!
Yorum:
Next entry only when day closing is above 350

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.