Today, we dive into a practical example with LTFOODS, examining its current position within a demand zone & fundamentals.
Understanding the Basics: What is a Demand Zone?
A demand zone, often seen in charts as a Rally Base Rally (RBR) sequence, is where the price has rallied, found stability, and rallied again. It indicates strong buying interest at lower...
Llt food is trading above 95 which is all time high of this particular stock and this script form a highly bullish pattern above all time high - morning star pattern. as per ab=cd pattern this share can easily come to 160 in next 02 month
thanks
ishu prajapati
LT Foods Ltd (DAAWAT) - 30.05.2022
The stock is trading @ 81.30 levels
There is a DARK CLOUD COVER in Daily Chart
The prices are below EMA
My buy entry target will be 76.50 - 78.00 levels
Resistance @ 87.80
RSI 53 in Weekly Charts
Watch out for the price action
Daawat has taken from its monthly support levels of 62-64.
The stock is in good accumulation zone near the levels of 65.
On daily time frame the stock has closed above the resistance level of 74.3
It can give move up to 80 in the next week.
Daawat(lt foods) forming bullish flag pattern on monthly tf
can look for positional tp of red dotted line
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