niravjt

Venkeys broke long resistance and took support at Fibonacci!

Long
NSE:VENKEYS   VENKY'S (INDIA)
Is this a good buy? How would you play this?

VENKEYS
RSI: 60-60-40 (GrandFather-Father-Son).

Daily Chart:
1. Support at trend line
2. Support at 61.8% Fibonacci
3. Support from 50 Day Moving Average

Weekly/Monthly Charts:
1. Break out from Old Resistance, but not very strong.

Let me know your thoughts!
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