BECTORFOOD: Demand Zone Reversal | Positional Upside Towards 263
BECTORFOOD is showing signs of a strong reversal after a prolonged correction, with price currently trading near a key multi-year demand zone.
Entry Zone: 170–173
Why I'm Bullish:
✔ Strong demand zone at ₹175–₹200 with multiple successful retests
✔ Price finding support near long-term trendline confluence
✔ Higher-low structure indicating weakening selling pressure
✔ Signs of accumulation near the lows
✔ Favorable risk-reward for positional investors
Targets:
🎯 ₹202 → ₹219 → ₹237 → ₹263
Invalidation:
❌ Weekly close below ₹152.50
As long as the demand zone remains intact, the stock has the potential to gradually move toward higher resistance zones over the coming months.
Educational purpose only. Not financial advice.
Entry Zone: 170–173
Why I'm Bullish:
✔ Strong demand zone at ₹175–₹200 with multiple successful retests
✔ Price finding support near long-term trendline confluence
✔ Higher-low structure indicating weakening selling pressure
✔ Signs of accumulation near the lows
✔ Favorable risk-reward for positional investors
Targets:
🎯 ₹202 → ₹219 → ₹237 → ₹263
Invalidation:
❌ Weekly close below ₹152.50
As long as the demand zone remains intact, the stock has the potential to gradually move toward higher resistance zones over the coming months.
Educational purpose only. Not financial advice.
Trade active
170 to 187 (10% profit) in 2 weeksToday it’s trading at 187
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.