ParamjitMahapatro
Long

daawat looks bullsih in short to medium term

NSE:DAAWAT   L.T. FOODS LTD
in daily, cup and handle pattern formed here,
in weekly, price closed above upper BB and BB is expanding ,

with sl - 73, pattern tgt             - 105,
Trade active: closed above 90
Trade active: till now 91.25
Trade closed: target reached: pattern tgt achieved here. but it is in strong uptrend, so higher levels are coming here.

tgt(fibo extn) - 122, 150
Comment: in daily, price retraced back to take support at the cup and handle neck line, now it is ready to bounce back,
Comment: regular bullish divergence seen at horizontal support zone.

Comment: price bounced from the horizontal support zone, now at cmp - 93.35, it is at trend line resistance.
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