ADF FOOD ANALYSIS 16.11.2020BUY 461 TO 445
TARGRT 508
ONCE IF IT BREAK 508 AND IT HAS CLOSED ABOVE 508 IN WEEKLY TIME FRAME MEANS NEXT TARGET UP TO 573 AND 602 .
ADFFOODS trade ideas
ADF Foods near All time highCan it cross and survive the all time high.
Result for Sep quarter was good
Chart looks bullish
Ashish Kacholia is an investor
#ADFFOODS - Reversal from Demand ZoneShort term Long
Ranging in a channel. Re-accumulation or Distribution is happening.
NSE:ADFFOODS
Took support of 20 EMA a candle before
Strictly buy near 412 - 414 / SL 394 / Exit 438.
For long term:
When breakout of Channel either way, enter at the retest of the channel. Not at breakout.
Bearish divergence on DailyShort on candle close below 400
Bearish divergence formation on the daily time frame
ADFFOODSCUP N HANDLE. 2 T VCP. promoters buying. good results. 50 dma holding. extreme volume dry up. ready to blast.
ADF FOODS- Ready for breakoutADF FOODS
It's given healthy signs of breakout from the key Zone, it could touch 340 and then some retest, on long term I expect target of 500+++
Bought at 294.20 SL 267I took a pilot position at 294.2 and I will be looking to add at minor corrections
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. 50DMA is still below 200 however that is bcoz the price recovered very quickly.
Fundamental:
This stock shows no sales and excellent profit growth due to the improvement in OPM
5 years of sales growth - 2.19%
5 years of profit growth - 38%
Margins at a record high of 15%, If the margins keep improving further, we can see further earnings increase
TTM earnings up 72%
ADF Foods Flag PatternADF Foods Flag Pattern Break Upside Keep Watch Retest Or Pullback
Don't Enter Blindly
Levels Mentioned on charts
Disclaimer:
The information contained in this presentation is solely for educational purposes only
ADF FOODS - APPROCHING KEY ZONEKEY ZONE TO BE LOOKED FOR BREAKOUT (300 - 315)
LETS SEE WHAT HAPPENS HERE, SELLOFF IS SEEN OR NEW DEMAND FOR BUYING.
ADF FOODS in a Bullish FormationADF Foods is on the verge of breakout. There is Cup and Handle formation which is a bullish chart pattern. Buy above 249 (200 days ema placed @248.80). Target 315. Stop should be placed below 214.
Please consult your financial advisor. I am not SEBI approved analyst. This is for educational purpose only.
#ADFFOODSWeekly momentum begins
Can easily touch 305.8
Momentum on all time frames
If crosses 313, then 330 is the next hop
Adf Food - Symmetrical Triangle#ADFFOOD weekly chart has given breakout in the chart and now stock can move toward 360 level according to chart support at 260 level.
