ADF FOOD TRIANGLETOOK 8 MONTH TO FORM THIS TRIANGLE PATTERN DEPEND ON THE BREAKOUT/DOWN BIG MOVE IS EXPECTED
ADFFOODS trade ideas
ADF Foods: Breaking out of consolidation#ADFFOODS CMP 249.95 After a month long H&S bottom formation the stock broke out in April with low volumes. Since then consolidating within a rectangle and is trying to break out of that pattern. RSI, MACD and ROC are all in uptrend. Primary target of H&S pattern: 270. SL: if it breaks below the rectangle at 230
ADF FoodsBuy range
260-270 ( accumulate till 240)
Target
280
300
320
340
SL below 230 CBSL
For educational purpose only
ADFFoods, Daily - Cup and Handlea nice trend continuation pattern.
look to BUY the stock.
expecting ard 150 bucks from here on, untill 3-6 months.
ADF Foods LongCMP 239
TGT 251,266,288
SL 225.
This is purely based on Fibonacci Series. Lets see if it reacts at the retracement levels.
Disclaimer: I am a novice at charting and this chart is purely for educational purpose. Views and opinions , especially of ppl who are good at fibonacci are welcome
