Chart -> Heritage Foods Weekly
An inverse head and shoulder breakout in Heritage Foods.
CMP: 345
Targets: 368, 435 and 515
Good range: Around 325
SL: 306 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Heritage food. Bottom fishing 🎣 CMP:345 sl: 290(wcb) Target: 400/465/545. If stock sustain above 570-590 then stock will try to touch it's all time high level of 850+. Risky bet pls follow strick Stoploss
Heritage Food
Fundamentally it is strong and looks discounted.. FII holding has increased in the last quarter.
Technically is showing reversal as didn't break previous lower low, forming handle of big C&H bullish pattern.. Also closed above 200 DMA
Target 1: 385
Target 2: 450
Target 3: 535
Short term trade : SL : 290
Long term holding : Avg below 270
have closed above 150 dma 313.69 with increased volume.... .........................................................................................................................
Rounding bottom or cup shape completed. handlein prgress. as and when trend of handle will breakout.......black lines may be target. res all mentioned in chart
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
Buy Heritage Foods for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
.Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
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The stock has formed a Rounding Bottom on a Monthly timeframe and given a Volume Breakout in June 2021. On a Daily...
