My conditional upside view on NSE:VENKEYS
Will take entry if price reached back at 1968, then hold for target of 2024 (56 Points) & 2100 (132 Points)
Will book loss if price trade below 1925. (43 points)
Note: This is my personal analysis, only for learning.
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...
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...
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...
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
