Technical Positional Pick - Buy Venkys india Ltd For Target Rs. 3100 - HDFC Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/08/f17e54dfcfafab63b885ee3611102c33.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Technical Positional Pick - Buy venkys india Ltd For Target Rs. 3100 - HDFC Securities
TECHNICAL OBSERVATIONS
* Stock price has corrected nearly 30% from the recent high and now reached near to an important longterm support.
* Stock price reversed northwards and trading above its 5-day EMA with higher volumes.
* RSI Oscillator has exited from the oversold level and now placed above 30 levels.
* MFI Oscillator has fallen below an oversold level of 10 and now bounced back to 25 odd levels.
* Considering the Technical evidences discussed above, we recommend buying Venkys at CMP of 2560 and average at 2380, for the upside targets of 2875 and 3100, keeping a stop-loss at 2270.
Buy venkys india Ltd Up to 3 Months @ Average level 2380 CMP 2560 TGT 3100 SL 2270
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
Nifty registers best week in 2 months after rising for 6 consecutive sessions
![Midcap index rose more than the Nifty while Smallcap index rose less even as the advance decline ratio was up at 1.49:1 - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/75edce1399be6eb60b35089fc7edd6e2.jpg)
![USDINR Sept fut. facing resistance at 82.90, the horizontal line showing multiple tops - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/8d7e61aba9d23e598971d1fc095f2985.jpg)