Get Top latest market news, Stock Market Views, Stock Market Updates and analysis on stock, derivatives, commodity and IPO markets. Get all Stock market news, BSE, NSE, Sensex Nifty, world markets, Indian markets, stock recommendation, Dalal Street, Day trading, futures, options, SEBI, market news, Business and other Financial News.
technical study – As per the technical chart we can see that stock is having good support of trend line around 450 level so till it sustaining above this level we can see jump any time.
Its having 300 SMA at 480 level so if it able to cross this and able to close above this level then we can see some up move, because it has take 300 SMA support number of times on chart.
even its RSI also has touched the oversold zone recently so if able to give breakout above given level then RSI will also come out from over sold zone.
Its STOCHASTIC also in Oversold zone now, so with the movement in stock it can also come up from oversold territory.
Over all study indicate that VENKY is having long term support at 450 level so if it able to confirm reversal at this level then we can surly see some up move in coming days.
