Adani Wilmar Ltd - Breakout Opportunity

vicky252 Updated   
Date: 27-Feb-2024
Rating: Buy
LTP: Rs. 387.85
Targets: (1) Rs. 419 --> (2) Rs. 492 --> (3) Rs. 532 --> (4) Rs. 639
SL: Rs. 350

Technical View:
Since SEP 2022 AWL has been in primary down trend. On 19-Feb-2024, AWL has given break out from its primary down trend with higher than average volume. RSI is above 50 and MACD is above 0. Indicating bullish sign for coming days.

Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Trade closed: stop reached:
Stop loss hit. Exited.

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