Company 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...
Descending channel pattern breakout and consolidate if break then fire .. Positional target 3200 3300++ Stop loss 2850 cmp 2940
Venkeys breakout and waiting for some minor selloff to enter... ignore if there is no selloff since SL is very high
This 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...