Bikaji Foods - Long Setup (Swing Trade)Bikaji Foods has confirmed a long setup after breaking the entry zone. Here's the trade setup:
Entry Price: 874.9 (Confirmed after the 15-minute candle broke above the entry zone at 866 )
Target: 952.4
Stop Loss: 822.8 (Valid if a daily candle closes below this level)
The entry price of 874.9 has been confirmed, and the setup provides a favorable risk-to-reward ratio. The stock is aiming for a potential move towards the target of 9 52.4 , with a well-defined stop loss at 822.8 to manage risk.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Bikajifoods
BIKAJI FOODS HAS BROKEN THE RESISTANCE, AIMING FOR NEW ALL-TIME?BIKAJI FOODS has decisively broken through the resistance and is currently in the process of retesting. This presents a solid opportunity to enter the retest.
Furthermore, in the 54th GST Council meeting, the government made the firm decision to reduce the Goods and Services Tax (GST) on Extruded Namkeen snacks from 18% to 12%.
Bikaji Foods - Not at good zone for buys!My Overview & Observation:
1. Already huge price moves have happened.
2. Channel breakout, hence it might continue to grow higher but I will not be interested as Risk will be high.
Trade Plan:
1. RRR is not favourable
2. Wait for a retracement for buying.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
BIKAJI - Riding the Wave of OpportunityBIKAJI - Riding the Wave of Opportunity
📈 Market Momentum:
BIKAJI is making waves by achieving a new six-month high, accompanied by substantial trading volume. The latest tick reveals a strong price rise, supported by robust volume, signaling heightened market interest and potential opportunities for traders.
📊 Technical Indicators:
The MACD/Signal line bullish crossover and sustained momentum are noteworthy, indicating a positive market sentiment. With a new high in play, there's a compelling possibility of a breakout, adding to the stock's overall bullish outlook.
💡 Breakout Confirmation:
The positive breakout, coupled with a bullish Heikin Ashi pattern formed with high volume, serves as a strong confirmation of the upward trajectory. Additionally, a bullish continuation Heikin Ashi pattern further reinforces the potential for sustained gains.
📊 Trade Recommendation:
To seize this promising opportunity, consider going long above ₹553, with a strategically placed stop loss below ₹485.35. This trade not only aligns with recent positive developments but also positions traders to benefit from potential continued bullish momentum.
🚀 Why Act Now?
BIKAJI is not just a stock; it's a ticket to ride the wave of opportunity in the market. With a new high, positive breakout, and bullish patterns, this is a chance to be part of a potential success story! 📈💰 #BIKAJI #TradingOpportunity #BullishMarket #BreakoutAlert #FinancialMarkets 🚀📊