nitinshm

LT Foods (DAAWAT), breakout on the cards. Upside 50%

Long
NSE:DAAWAT   L.T. FOODS LTD
LT Foods has give a shallow correction after a good upmove with volumes.
Now is has broken the the pullback trendline with increased volumes.

Entry: 60
Target: 90 - 100
Stoploss : 48-50

Timeframe:
Trade active: Entered at 58 {SL:48]
Comment: Stock retest on the trendline near level 54.2, Volume on downmove are less suggesting accumulation. Buy on dips toward 48-50 and maintian strict stoploss
Comment:
Comment: Stock volatility has gone down and it is in narrow range.. Move stoploass to 55.