It's just giving a breakout and forming Cup and Handle pattern.
Take a long until the quarterly result shows strong growth.
Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other...
As per the concept of RSI and trendline breakout, the stock is looking strong and it is expected to moveup in the short run.
You can enter Above the Stock’s breakout level 802.
The stock trades near 1030 or closes below 700.
My risk is 102 for gaining 228. My reward to risk is 228/102= 2.23 times.
It formed a cup and handle pattern for the daily chart. The technical and fundamental indicators look strong. I have no target in it.
fundamentals
The profit and sales give had more than doubled in 2 years.
Launched new product XNBR Latex for gloves mainly catering to exports and plan to build
the capacity of 50,000 MT for this product and 35,000 MT for...
