DAAWAT
DAAWATVolatility is reducing and that's also with volume. It can be bought at 60 with SL of 56 and further can be added above 63.
LT Foods (DAAWAT), breakout on the cards. Upside 50%LT Foods has give a shallow correction after a good upmove with volumes.
Now is has broken the the pullback trendline with increased volumes.
Entry: 60
Target: 90 - 100
Stoploss : 48-50
Timeframe:
LT FOODS DAAWAT DARVAS THEORY this is my second attempt on darvas theory.. buy for long and stop loss u can see in trendline.. this is only for education purpose. thank you
Daawat is setup for long termBoth Technical and Fundamentals of Daawat(LT Foods) are strong.
Technical - More room for stock price appreciation for 2 reason
1. LT Foods trading around 8 P/E & 1.20 BV against KRBL's 12.50 P/E & Book value of 2.25
2. Result of LT foods for past 2 quarter were good compared to KRBL. Hence P/E and B/V of LT Foods should appreciate.
Fundamental
Atleast for next 2 quarter LT Foods will post similar results as company tied up with Saudi government for provision of Rice. Saudi company has also invested in one of the arm of LT Foods.
DAAWAT - Bullish Flag pattern breakoutNote: This is for educational purpose only.
There is a bullish flag pattern breakout with ultra high volume. RSI is above 70 which shows overbought. There might be some consolidation or not before the next up move.
Long LT Foods on minor correctionsDaawat looks promising price strength-wise and earnings wise. i will be looking to initiate a position on corrections of 10/15%
Technical: Daawat has clocked the highest monthly volume since Jan 2018 and it's up 50% in June 2020. Makes the case to look at it for a trade
Fundamental:
This stock shows decent sales and profit growth.
3 years of sales growth - 9.6%
3 years of profit growth - 9.2%
Margins at a higher level of 11%, If the margins sustain or go higher we can see higher profits and further price appreciation
TTM earnings are up 45%
If there are no earnings surprise in the next quarter, we can expect it to go up by 50-60%
Good setup for LT FOODS(DAAWAT) to go longAfter recent investment from Saudi, DAAWAT is gaining uptrend. Result appeared in this quarter result. Next quarter will also be good as per the rice demand from Saudi.
DAAWAT Daily Analysis 14 June 2020FIBO
M S/R
50/200 D EMA
CRS is positive.
RSI MACD is also Positive.
portfolio pick for next 2 years daawat( lt foods ) is fundamentally good and had just given a breakout today ..
agree it may not sustain . but a good possibility of great upside has arised now!!!
LT Foods? DAAWAT?Hi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for LT Foods
Weekly location: Equilibrium
Daily trend: Up (Let's go long)
Hourly zones: Demand zone marked on chart
Trade duration (max): 2 week
Note: Target, Entry and SL on chart
