DAAWAT | Swing Trade📊 Details
LT Foods Limited was incorporated in the 1980's. It is primarily engaged in the business of milling, processing and marketing of branded and non-branded basmati rice and manufacturing of rice food products in the domestic and overseas market.
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DAAWAT
LT Foods (DAAWAT) - Long Setup, Move is ON...#DAAWAT trading above Resistance of 170
Next Resistance is at 266
Support is at 110
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DAAWAT BREAKOUTChart Brought My attention when it's trading at 96, because Cup & Handle BREAKOUT and Retest of Same happened on CHART before 5 months.
Stock Performed From 96 to 141 in last 5 months which is more than 50% returns.
Now CHART Show BREAKOUT of 140 level which was ATH levels BREAKOUT, so it shows the Strength of CHART.
Now Sky is the Limit.
DAAWATDAAWAT:- Stock has given breakout, but if you want to plan something, then plan after retesting or near 111.90 level, till then keep your eye on 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.
Uptrend on the wayChart -> LT Food Daily
Higher high breaks previous higher high. And uptrend is on the way.
CMP: 114
Good Range: 110 to 114
Target: 122, 127, 136
SL: 106 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
DAAWATDAAWAT:- almost 4.5 year breakout stock. good movement on the upward side.
retest the important level, keep on radar... also formed rounding bottom pattern..
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.
DAAWAT (LT FOODS LIMITED) - Double Digit Stock + Volume Breakout📊 Script: DAAWAT (LT FOODS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MICROCAP 250
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Food Products
Key highlights: 💡⚡
📈 Script is giving breakout of upper band of Bollinger band (BB).
📈 Crossover in MACD .
📈 Double Moving Averages crossover.
📈 It is double digit stock with huge volume then previous trading session that is volume breakout.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 98.75
🟢 Target 🎯🏆 - 114
⚠️ Stoploss ☠️🚫 - 91
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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DAAWAT - Monthly chart - Breakout after 04 yearsThe analysis is done on Monthly TF hence price may take few weeks to Few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Is Daawat ready to offer us on Daawat?Here in this stock Daawat a Cup and Handle Pattern has been formed very beautifully in the Weekly Charts. Along with this a very Long term Resistance level has also been broken with good Volume.Despite heavy sell off in the markets this stock is still not giving up its bullishness.
What do you think, let me know in the comments.
DAAWAT - Ichimoku Bullish Breakout Stock Name - Lt Foods Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 117
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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DAAWAT - L T Foods: Strong PC BO with the strong retracementAll the three Parallel Channels (PC) are one and the same!
PC-A = PC-B = PC-C
The strength of PC-C is crossing the highs of Apr-22 levels for the breakout
and strongly retraced the BO at 105 levels.
The huge buying levels at in Apr 22 at BO of PC-B and at BO of PC-C are confirming the strength in the BOs.
What I feel is, the overall market trend in Apr-22 had impacted the Breakout of PC-B also, and lead it for the resistance of 100 which was also the midline of PC-A
The bearish view resulted in Breakdown of PC-B and lead to levels of 67, which is also the lower line of PC-C
Yesterday's strong green candle with heavy buying volumes confirms the strong BO of PC-C
For swing trade
Entry: Coming opening levels above 105
1st target is 130, then 150
SL:
The FAs and business model is strong, script is good pick for long term portfolio building.
If view didn't go well, the levels of 85-90 are good levels to add.
DAAWAT LT FOOD - SWING TRADE IDEADAAWAT LT FOOD - SWING TRADE IDEA
1. Now In the small uptrend pattern resistance.
2. If it opens tomorrow above 95, It will get a good uptrend up to 105.
3. Quick 10 points... for the swing traders...
4. Need 2 support for the stock to break the all-time high, i) Indicies Market needs to support ii) Open and close above 105 will leed the stock to next level.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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DAAWAT | Good for Long Cmp : 85.95
Target : 90.45
Stop Loss: According to one's Risk
Closing above 90.50 will give a good upmove
#Study, Learn & Earn.
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#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalDAAWAT AKA LTA FOODS
Stock moving very well, its a late call; but still opportunity is there
Buy at 88-85 levels after retracement, for 7-15% Upside further movement.
Stock definitely will touch its ATH levels.
In case of Gap-up then avoid setup.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Channel Breakout in DAAWATIn a daily time frame it break the strong resistance and stock can go till 110. All time high also 110. So stock may pause in that level therefore wait what kind of candle is forming in that range. So first target is 110. Stop loss below 80. Fundamentally company looks good. Do your own analysis before investment.