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DIAMONDYD

Diamondyd - Prataap snacks nearing support levelsPrataap Snacks had broken the resistance levels of 945 and went on to move till the levels of 1450. On the Fibonacci levels it went from 38.2 to 100%. Post which the stock had retraced a lot and again supported at the lower level of the channel. In recent term it has bounced from those level up and again showing signs that some good move position or negative is incoming in near term from the Fibonacci levels of 38.2%. If it has to be in up trend then volume would be major factor and previous high of 1450 to be again considered as the resistance Target from the current levels of 860 For it to break out again the old resistance levels it has to cross the level of 908 and 938 in order to reach the first level Target of 1042. Next Target on the frame would be the next Fibonacci level. Base levels of last support is around 748. Volume to be crutial factor and major factor in deciding trend. No recommendations, just my view based on chart pattern.
NSE:DIAMONDYD
by viki9
DIAMONDYD | Swing Trade📊 DETAILS Sector: Consumer Food Mkt Cap: 3,151 cr PrataapSnacks Limited (PSL) is an Indian snack food company engaged in manufacturing and marketing of multiple product variants like potato chips, extruded snacks and namkeen (traditional Indian snacks) under the Yellow Diamond brand and sweet snacks under the Rich Feast brand. TTM PE : 57.32 (Average PE) Sector PE : 72.97 Beta : 0.22 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 9.28% away from 52 week high Outperformer - Prataap Snacks up by 18.42% v/s NIFTY 50 down by -0.2% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:DIAMONDYDLong
by Munish_Jain