kalyanganguly

DAAWAT - Bullish Flag pattern breakout

Long
NSE:DAAWAT   L.T. FOODS LTD
Note: This is for educational purpose only.

There is a bullish flag pattern breakout with ultra high volume . RSI is above 70 which shows overbought. There might be some consolidation or not before the next up move.

Comments

Whats your view with today's closing? I see technicals indicate buy,,!!
Reply
kalyanganguly gopinathk
@gopinathk, I am still long on this. But considering RSI is overbought, there would be a consolidation phase unless the RSI is cooled off. I will enter around 48-50₹ levels based on the price action.
Reply
gopinathk kalyanganguly
@kalyanganguly, Thanks. Daily RSI still hot...above 70...!! Today's consolidation is healthy...!! Isn't this a good entry point with a discount price?
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