Upward momentum of 15% in VENUSPIPES expected
Updated
VENUSPIPES has seen a good breakout on daily TF after almost a consolidation of more than 30 days with 100% increase in volume on daily TF.
The company has a minimum 50% increase in sales QoQ growth for the last 3 quarters and close to 100% increase in EPS.
Good for swing traders. Can expect an upward momentum of a min of 10-15%.
Entry - INR 1925
SL - (DL) - INR 1840
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
The company has a minimum 50% increase in sales QoQ growth for the last 3 quarters and close to 100% increase in EPS.
Good for swing traders. Can expect an upward momentum of a min of 10-15%.
Entry - INR 1925
SL - (DL) - INR 1840
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
Trade active
Added additional quantities to the tradeRise in weekly volume confirmed with price.
Trade closed: stop reached
Hit 52week high and formed a bearish candle. Might just be a retest, however it hit my SL and hence exited. Will update in case reinstated.Note
Trade reached 15%, however had a minor correction considering global turmoil, will look for future consolidations in this regard.
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