📈 Heritage Foods Ltd – Technical Analysis Update (Daily Chart)
The stock recently broke out of a falling wedge pattern, which is typically bullish. Post breakout, it’s now forming a rising channel, showing strong upside momentum.
✅ Support Levels: ₹350–₹360
📊 Resistance Zone: ₹420–₹430 (currently being tested)
🚀 A clean breakout above this zone with volume confirmation could trigger a potential move toward ₹470–₹480 levels.
🔍 Volume has picked up, indicating growing interest.
💡 Keep a close eye for consolidation or a breakout retest before the next leg up.
The stock recently broke out of a falling wedge pattern, which is typically bullish. Post breakout, it’s now forming a rising channel, showing strong upside momentum.
✅ Support Levels: ₹350–₹360
📊 Resistance Zone: ₹420–₹430 (currently being tested)
🚀 A clean breakout above this zone with volume confirmation could trigger a potential move toward ₹470–₹480 levels.
🔍 Volume has picked up, indicating growing interest.
💡 Keep a close eye for consolidation or a breakout retest before the next leg up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.