Patanjali Foods Ltd. Long trade

PATANJALI Good opportunity to invest in Patanjali Foods Ltd.

Place your orders after Breakout of the resistance line.

POSSIBLE BUYINGS-----

• Case 1:
  
• Buy : After breakout of resistance line @ 1050.
  
• Stop loss : @995
  
• 
  
• Case 2:
  
• Buy: At channel support @950
  
• Stop loss: Below @900
  

Reasons to buy:
1: Patanjali foods is following a rising channel, at present it's trending at channel low.
2: Good support from the channel low (as shown in chart).
3: Good Risky to reward ratio.



Thanks





Disclaimer: This idea is only for the Educational purpose, Kindly invest at your own risk..

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Good bounce from the resistance of 1050

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Patanjali foods hits our First TARGET of 1150..
100Pts in just 3 days..

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Our Second target of 1200 hit.

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Комментарий:

Trade is active , Kindly shift your Stoploss @1150 or Book your profits as per your convenience.

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50+ in a Day, Patanjali food hits our 3rd target of 1300.

Комментарий:

Happy to see the performance of Patanjali foods. we r almost 300+ pts up.

Комментарий:

Our 4th Target of 1375 achieved..

Комментарий:

According to sentiment and channel analysis, this stock could soon reach 1600, despite its all-time high of 1519.

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"We have achieved our target of 1600."

Комментарий:

Patanjali's stock is currently at a channel high. If it crosses the level of 1700, we can hold it, otherwise, we will book our profits.

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It would be better to book profits below 1500.///