VENUSREM Breakout Setup | Momentum + Continuation PlayVenus Remedies LimitedNSE_DLY:VENUSREMALICEBLUEVenus Remedies is in a strong uptrend, near its 52-week high (~₹944), after giving ~180–200% yearly returns. () Recent price action shows consolidation after a sharp rally, indicating potential next leg up. 📉 Structure: Strong bullish trend (₹600 → ₹940 rally) Flag/pullback consolidation near ₹850–₹900 Higher low formation → bullish continuation pattern 🚀 Trade Setup: 🔹 Entry: Above ₹858 🔹 Stop Loss: ₹821 🔹 Target 1: ₹1,000 🔹 Target 2: ₹1,090–1,100 📊 Upside Potential: ~25–27% Risk Factors: Near 52-week high → resistance zone Overextended rally (profit booking possible) No strong recent news trigger → purely momentum-driven Venus Remedies is currently showing strong bullish momentum after a sharp rally from ₹600 to ₹940, followed by a healthy consolidation in the ₹850–₹900 zone. The stock is trading near its 52-week high, indicating sustained buying interest and strength. Fundamentally, profit growth has been strong with improving margins, and there are no negative governance signals, which supports the bullish outlook. However, there is no major fresh news trigger at the moment, so the move is largely momentum-driven. Technically, the formation of higher lows suggests a continuation pattern, and a breakout above ₹858 could trigger the next leg towards ₹1,000 and ₹1,100. Traders should remain cautious of resistance near highs and possible profit booking, making it important to enter only on confirmation and manage risk strictly. Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/