Stock View: Venus Remedies
There is a beautiful cup and handle structure that is being witnessed in this chart which took 21 months to complete. This constitutes of a Larger cup and a Larger Handle( constituting 3 small handles ). The stock is facing stiff resistance near 305-310 zone which needs to be broken to confirm a big breakout. Buy Venus Remedies only if it sustains and closes above 305-310 with a stoploss of 280 on closing basis and look for targets of 350/377/395/450 in short to medium term.
There is a beautiful cup and handle structure that is being witnessed in this chart which took 21 months to complete. This constitutes of a Larger cup and a Larger Handle( constituting 3 small handles ). The stock is facing stiff resistance near 305-310 zone which needs to be broken to confirm a big breakout. Buy Venus Remedies only if it sustains and closes above 305-310 with a stoploss of 280 on closing basis and look for targets of 350/377/395/450 in short to medium term.
The chart was analysed in 1 st week of July --->>> The view remains the same as of now...
Check Link : http://optionstech.blogspot.com/2010/07/finally-markets-did-something-now.html.
Have a wonderful trading day
Regards
Ankit
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