share name : hindustan foods ltd
call type : poistional
- share is consolidating in a range and forming a
descending triangle
- Inside candle on Weekly time frame
- 2120 - acting as a huge resistance if a breakout
comes. we can see good targets of 2550,2800
sl 1800
Thanks
Hi 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...
