ADFFOODS - Double Bottom Pattern Breakout on Daily ChartADFFOODS - Double Bottom Pattern Breakout on Daily Chart
After giving a good rounding bottom base breakout, the stock is moving up by forming some patterns like Darvas Box pattern and Double bottom pattern.
Currently, it has give a double bottom breakout with massive volume indicating more possible upsides.
ADFFOODS
ADF Foods Limited ADFFOODS:- move upside by giving breakout from the trendline and retesting, Watch the stock...
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
#JAYAGROGN 21% $return $DEEPAKNTR $AGROTECH $HATSUN #FACT $ATFL #JAYAGROGN
NSE:JAYAGROGN
CMP: 162.50
Target: 198++
Can hold above 198, Trail Up Or Book Partial.
Stop Loss: 136
Time frame: less than 2 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
HEAD & SHOULDER Pattern Breakout
Cup & Handle Breakout
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Earnings report & quality strong
EPS
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
Compare with peers NSE:DEEPAKNTR NSE:ATFL NSE:HATSUN NSE:ADFFOODS NSE:CHAMBLFERT NSE:FACT NSE:HNDFDS NSE:DFMFOODS NSE:MEGH NSE:VINATIORGA
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With 💚 from Rachit Sethia
ADF Foods -Should you buy it?Bullish Divergence Spotted
Stock P/E 26.4 vs Industry P/E 39.4
Dividend Yield 0.47 %
ROCE 28.4 % vs ROCE3yr avg 23.6%
ROE 22.9 % vs ROE 5Yr 12.7 %
Face Value ₹ 10
OPM 17.6 % vs OPM 5Year 11.7 %
Free Float Mkt Cap ₹ 875 Cr.
Pledged percentage 0.00 %
Debt to equity 0.06
Promoter holding 31.4 % but FII added 10% in Dec2020 Quarter.
Swing Trade Idea #230 : Long on ADFFOODSThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
#ADFFOODS - Reversal from Demand ZoneShort term Long
Ranging in a channel. Re-accumulation or Distribution is happening.
NSE:ADFFOODS
Took support of 20 EMA a candle before
Strictly buy near 412 - 414 / SL 394 / Exit 438.
For long term:
When breakout of Channel either way, enter at the retest of the channel. Not at breakout.