Chart -> LT Foods Weekly
A rounding bottom from 2018 to 2022 has been completed and the stock has given an all-time high breakout with volume supports from last several weeks.
CMP: 114
Good range: Around 100
Targets: 136, 170
SL: 89.5 Weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI...
DAAWAT LT FOOD - SWING TRADE IDEA
1. Now In the small uptrend pattern resistance.
2. If it opens tomorrow above 95, It will get a good uptrend up to 105.
3. Quick 10 points... for the swing traders...
4. Need 2 support for the stock to break the all-time high, i) Indicies Market needs to support ii) Open and close above 105 will leed the stock to next...
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 a leading rice brand in chain of stores is forming a cup and handle pattern, right now in a good accumulation zone. watch for breakout and fresh highs
In a daily time frame it break the strong resistance and stock can go till 110. All time high also 110. So stock may pause in that level therefore wait what kind of candle is forming in that range. So first target is 110. Stop loss below 80. Fundamentally company looks good. Do your own analysis before investment.
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.
LT FOODS as per daily chart analysis stock above 79.45 for a target 81.45 level and resistance at 82.45 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book...
1. Formed 2 Rounding patterns
2. After that stock rallied for 40%.
3. Price retraced to previous breakout zone forming Symmetric triangle.
4. Breakout from triangle pattern
5. Price may retest by retracing to breakout zone ( 68-70) and then resume the rally to Rs.90/-
#LTFoods #Daawat
- Good price action + volume near trendline resistance
- Can expect a pull back b4 taking the leap forward
- 50 EMA can be also used tight SL
- Looks breakout retest on W
#trading #StockMarketindia
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.
Market is already taking support on support line and shown two respective bull green candle, so as a trader we can ride on it. The Resistance line will be the profit target.
Check the charts for details.
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