looks like we are at the end of the correction,
weekly bullish order block
4h bullish divergence
possible end of the triple 3 corrective wave here
if we want to form a 3,3,5 corrective wave, then the price might go lower
-Coiling up nicely in this pattern.
-High accumulation volume days.
-Double bullish divergence on Stochastic.
-Bullish engulfing candle.
-MACD close to a bullish cross.
-Bullish pennant on the monthly chart.
-Bullish pin bar on the weekly chart.
Will go long if it breaks on the upside.
Not an investment advice. Do your own due diligence.
Currently heritage foods is near to the falling trendline which could act as as resistance!! On CCI indicator momentum has already given a breakout!! If price also supports and follow momentum above 790! Stock can rise to a new high in medium term
Heritage food has seen a double bottom reversal at 650rs and also a forrmation of cup and handle pattern is seen which indicates clear upside move comingi in a few days. Use this strategy:
Long at 757
SL at 700
Target at 825-850-900
Strictly Short term, No intraday trades
All mentioned & plotted on Chart.
Intraday UP levels: @ 712.50, 718.60, 721.40, 728.90, 736.45 (Used as TARGET)
Weekly UP Side Levels: @ 730.20, 737, 741.20, 755.35, 770.90+
Intraday DN levels: @ 700.70, 697.55, 693, 688.6,680.80 (Used for Accumulation)
(Calculation Based on Last Closing Price: @ 705)
Trade as per Specified Levels.
My personal View. If matched, ...
Heritage follows this beautiful pattern where it consolidates around 0.382 fibonacci line after a bull run and then resumes it after sometime.
Buy range 770-790
Target 1 - 810
Target 2 - 850
Target 3 - 875
CBSL - 710