LT Foods Ltd (DAAWAT) has given a strong breakout above its multi-month resistance zone around ₹447.5, backed by rising volume and momentum. This marks a fresh 52-week high, supported by bullish RSI strength (above 80).
📈 Trade Setup:
🔹 Entry: ₹447.5 (Breakout Retest Zone)
🔹 Target: ₹670
🔹 Stop Loss: ₹373
🔹 Risk-Reward Ratio: ~3:1
✅ Why I Like This Setup:
Clean breakout from consolidation
Strong volume confirms participation
RSI above 80 indicates trend strength
Bullish price structure across daily chart
⚠️ CMP is currently above entry zone; ideal entry would be on a retest of ₹447–455 range.
Position sizing is key due to SL distance (~16%).
This setup is ideal for swing traders with a short-to-medium term view (2–4 months).
📊 Disclaimer: Not financial advice. Do your own research before investing.
📈 Trade Setup:
🔹 Entry: ₹447.5 (Breakout Retest Zone)
🔹 Target: ₹670
🔹 Stop Loss: ₹373
🔹 Risk-Reward Ratio: ~3:1
✅ Why I Like This Setup:
Clean breakout from consolidation
Strong volume confirms participation
RSI above 80 indicates trend strength
Bullish price structure across daily chart
⚠️ CMP is currently above entry zone; ideal entry would be on a retest of ₹447–455 range.
Position sizing is key due to SL distance (~16%).
This setup is ideal for swing traders with a short-to-medium term view (2–4 months).
📊 Disclaimer: Not financial advice. Do your own research before investing.
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.
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.