Hindustan Foods had broken the 9 months consolidation range with high volume.
After making a new high, the price has tested 50% Fib Levels and started moving ahead.
This looks positive to be in the long side.
This is only for analysis and study purpose.
HINDUSTAN FOODS posted on 12.11.2022 Stock ABOVE 571 TARGET 600 and on 14.11.2022 Stock made a high of 617 and Closed at 607.
Happy Profitable Trading to all...
HNDFDS was trading in the very narrow range of 414-426 for very long (20 sessions). This has recently broke out of this sideways trend and on its way to make a rounding paatern.
HNDFDS is a good buy candidate at this price.
Entry - 447
SL 415 (this price has been honored from the past month and half)
Target - 509
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
![HNDFDS: [POSITIONAL] HNDFDS Long Idea](https://s3.tradingview.com/e/ErTErs6T_mid.png "[POSITIONAL] HNDFDS Long Idea")
