Pennant/descending triangle formed in uptrend (continuation pattern), breakout happened supported by volume.
first support seen at 62 levels.
second support at 57.5
third support at 52.5
can go long (CMP 66 as on July 13,2021) with short term target of 72 (or higher target for long term)
FREETAIL CMP 60
after the free fall from recent highs
stock has bottomed out and in triangle price compression zone.
volume is also on higher side.
buy and accumulate till 56 keeping stop loss as 48 on closing ,
short term targets : 69 (breakout price zone ) / 89 /
aggressive targets : 113 / 141 /168++
The SEBI has approved Reliance Retail’s acquisition of Future Group’s retail assets on Wednesday. ( 20th jan 2021 )
This led to two days upper circuit in the Share Price. As the approval for the Future Retail led to positivity in the market and possible Target 150 within the month of Feb.
Hold for long term to get target as 350, asthe vaccines as been out and...
do not miss this opportunity from this operator. It has eaten a lot from retailers.
follow this chart and price levels and sit tight. It has to give a retracement and target 1 will be 100 and target 2 will be 118. It has broken weekly support today , so do not buy hastily , allow the price to come to 70 and buy at about 3.15 pm as an upward move usually goes with...
fretail has shown extraordinary price action since last couple of weeks. Its all happened in this counter
news, earnings, board meetings....but beauty of technicals of a stock is it still followed the chart patterns. In case of buying strict stoploss to be followed below the green support trendline as per one wishes. My view is not more than 10 percent .Remember...
Future Retail Ltd. engages in the business of retail trading. It focuses on hypermarket, supermarket, and home solutions. The company was founded on February 7, 2007 and is headquartered in Mumbai, India.