Resistance as below
1st : 77
2nd : 90
above are the 3 resistances for cafe coffee day stock. currently looking bulllish on the chart. volume is very high as compared to the average volume.
Breakout on weekly chart
Weekly RSI heading towards 70 zone
Daily chart is also looking good
Daily RSI 64
above 220 can touch 240++
SL 205 closing basis
COFFEE IS THE NEW SUGER
COFFEEDAY weekly chart study.
Avoid buying until the channel top is broken.
Long term bulls can exit if the major support is broken on closing basis.
IT HAS COME DOWN TO TREND-LINE TO MAKE A SWING UP
NSE:TATACOFFEE has given a 50 SMA breakout with huge volume. The stock should be in action in the coming days.
Trade ideas are welcomed by fellow traders.