What a turnaround?: Venkeys India

I covered Venkeys India on June 06 2012 when stock first gave initial signs of turnaround and wow what a turnaround move stock has delivered..

Here’s how the Turnaround move has happened?

Source: Chartalert.com

I covered Venkeys India on June 06 2012 [Turnaround signal on Chart] when stock first gave initial signs of turnaround and wow what a turnaround move stock has delivered..

Here’s the June 06 article

What can we learn from this turnaround?

When stock under performs for long period of time…turnarounds are very powerful. One can avoid being early and can wait for confirmation. Example: Venkeys India broke out above 200 dma with powerful momentum and then traded sideways for good period of time took support at 200 dma and then just took off sharply leading to strong momentum move

The objective of writing the article was to get your attention on how turnaround moves happen.