Daawat - Gearing up (Investment stock)

Sep 20, 2017

Scrip is gearing up in ascending channel after rising from prolonged downtrend
Breaking the trendline support and neckline resistance can take it to TP and beyond. Rest in charts.

Bullish momentum sign
1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum
2) %william - Reversal needed
3) Volume accumulation as there has been considerable buying and accumulation by investors

Aiming towards TP and beyond thereon after entry confirmation

SL as per risk appetite

screener.in/company/DAAWAT/consolidated/
The company has been showing increasing Net profits, OPM during recent quarter, annual result with positive cash flow and risk ratio less due to Price to book value: 2.59, Price to Sales: 0.53

Nov 5, 2017

Trade active

Entering now for LONG as the scrip has managed to breakout from neckline with good volume surge and ascending triangle also in action which shows bullish momentum..

Dec 7, 2017

Trade closed: target reached

Target almost achieved..will be entering again on dip

Feb 12, 2018

Note

On posting progressive results QoQ basis:
moneycontrol.com/news/business/earnings/lt-foods-q3-net-profit-up-16-at-rs-38-cr-2504471.html

Would prefer to enter again at around support levels where resistance now has become support aiming for 130+

Golden cross also coming into play

Mar 14, 2018

Note

Might see downside break if the confirmation occurs with expansion in volumes as scrip can be seen in descending triangle pattern with two reaction lows in similar length and two reaction highs going down

Would be good opportunity to enter again at around 65-70 levels although the matter of concern for the company is that debt are around ₹ 1,611.56 Cr. which isnt reducing along with debt to equity also on higher side 2.46

screener.in/company/DAAWAT/consolidated/