DAAWAT
Falling Channel BO - DaawatDaawat has given falling channel BO on the chart on the daily time frame, RSI is above 60, the MACD indicates a positive divergence, volumes are also decent.Some resistance at 74-75, once cleared target can be 84/90.
Disc: Invested, not a reco for trade, chart for education purpose only.
L.T. FOODS LTD
Target:- 112
Stoploss:- 64.60
Duration:- 8 to 10 weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. Use proper stoploss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
#DAAWAT .. 60% upside is possible..BO & Retest.Check the charts for details.
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DAAWAT LTD has broken a channel pattern || BUY ORDERHi everyone, welcome to the setup
1. We can see a good volume breakout from the channel pattern.
2. Clean retest with low red volume candles.
3. A 16% upside move is expected from here which is the height of the channel as well.
I have taken a cash buy-in this and the expected time to reach the target is 1-2 months.
Feel free to like the post and ask any doubts if you have regarding this trade.
Thanks,
Abhishek
DAWAAT : CAN BE A DAWAAT TO MANY Note:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Aaj to daawat he3rd wave was extended one which ended at 3.618 of 1st wave measurement. The corrective ABC remained within 0.386 of entire run from bottom of 2 to top of 3. This is typical sign of 4th wave. The triangle type consolidation happened normally in 4th wave. Breakout happened on the back of volume , positive RSI and RS reading. Target could be 0.618 to 0.786 of 3 Rd wave length added to bottom of 4th wave. 3rd wave was extended one . So expect 5th to be shorter. 75 to 81 could be reached if holds 57 on daily closing basis. This is also the target of triangle and coincides with 4.618 of 1st wave.
Disc : it's not an investment advice to buy or sell