scorpiomanoj
Long

LT FOODS - Nice setup for a possible long

NSE:DAAWAT   L.T. FOODS LTD
LT             foods ( Daawat             )
cmp 83.
Long ONLY ABOVE 86.
Stop 70
Target :(86 - 56)*0.50 + 86 = 101 PLUS
1) Nice consolidation pattern in the form of a cup post
good uptrend.
2) Stock respecting the long term support trend line .
3) Good volumes on the right side of the cup indicates
big money flowing into the stock.
Trading is my passion.
You are bang on about LONG above 86. But what is the downside from here considering the QIP approval comes at 75.20
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