Stock Name - Mrs Bectors Food Specialities Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 420
#This is not Buy and Sell recommendation to any one. This is...
NSE:BECTORFOOD BSE:BECTORFOOD
Time Frame – Weekly
Observations :-
* Round bottom formation done
* Trendline resistance break with good volume
* DII increased the stake from 4.29 to 13.73 in June Quarter
* Promoters also increased the stake from 51.07 to 51.11 in June Quarter
Resistance – 410 / 465 / 520 / 624
Support –340 – 325 zone & Daily 200...
Strong Fundamentals.
DII Increased stakes of 9% in Jun Qtr.
Promotors are increasing stake regularly.
Technically Cup & Handel Breakout seen with Good Volumes.
Deliveries are > 50% (Weekly & Monthly)
"No any recommendation of Trade, this is for educational purpose only".
Bector food has achived my earlier target of 366 and make high of 367.7. it has formed rounding bottom and currently giving some pull back. CMP is 348 and any dip around 330 is the good buying opportunity for the target of 471. Time span of same is around 5 to 6 months.
Above view is for education purpose . Please consult with your advisor before investing
Bector food is ready to fly above 315 levels. Moving well in channel and now ready to cross resistance of 315 for the next target of 366.
This is only for education purpose.
Story started only from past 2 weeks after crossing 4 Weeks high on 22nd July.
2022-07-22: Crossing 4 week High, close is above 20 SMA on Daily and Weekly time frame- but below on Monthly time frame
2022-07-25: Cross WK Piv Upside increase in momentum
2022-07-28: Cross WK Piv Upside
2022-08-01: Crossing 4 week High
2022-08-02: On Daily time frame, SMA 30...
it is only for educational purpose..it is based on candle stick pattern after a big red candle we get a doji and next candle break it's high so according to inside candle pattern it will go upside..
Stock is a low momentum, low volatility small cap.
However, certain levels are very predominantly evident on the chart.
Such as a daily close above 390 would make the stock a strong long positional bet for first target of 430.
With results round the corner, positive surprise would be a trigger for such a move.
1 - There is a hidden channel pattern in descending traingle where stock has been taking the support on trendline
2 - Right after fall , gapped up and made reversal (inverted hammer ) . today closed in green which is reversal confirmation(bulls are In control)
3 - Main thing is here to consider that reversal happened at area of interest (demand zone)
4 - one can...
Technical analysis: BECTORFOOD
Mrs. Bectorfood( Daily Chart ) Only for educational purpose
Expecting consolidation in stocks going to end.
Now we have very good support in Bectorfood, between 400 to 395
Upwards: We have two more strong resistance 409 and 426
My Targets (do not take any trade by my analyses)
• 1st Target 408
• 2nd Target 424
• 3rd Target...
BECTORFOOD: FRESH VIEW
The stock is moving in ascending channel pattern. If the stock holds a lower trendline of the channel pattern and manages to cross and sustain above 409 levels, then we can expect a good upside as per the channel pattern.
We'll review it again on crossing 409 level.
Please do your own study before any trade.
Key points:-
1.) very close to give breakout from Rounding bottom Pattern.
2.) has given breakout from Inverse head and shoulder pattern
3.) Support near -370
4.) Target - 475-520-600
Only for learning purpose
