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...
BUY - DAAWAT/ L.T. FOODS LTD
CMP - Rs. 110
Target - 1: Rs. 130
Target - 2: Rs. 160
Target - 3: Rs. 180
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Technicals - Bullish Flag BO
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This is just a view by an expert analyst, please invest at your own risk.
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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.
Target:- 112
Stoploss:- 64.60
Duration:- 8 to 10 weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. Use proper stoploss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
LT Foods has given a range breakout with volume in daily chart. It was consolidating from last 30 days and now that range has given a bullish breakout.
NSE:DAAWAT Pitchfork Play + Kumo cloud support + expected formation bull Gartley/Bat + Support from the weekly pivot and ML pitchfork+ projectile to outer ML of Pitchfork/0.618XA of the harmonic in formation/R1 resistance by traditional system...
Also note the 200MA (daily)(this is a weekly chart so using 40 as data to match the same) is moving to intercept our...
