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Heritagefoods

Heritage Foods Ltd.Heritage Foods Ltd. CUP chart pattern Broke the neckline Monthly and weekly RSI is above 60, and daily taking support on 60 It looks like 3rd wave as per Elliot Wave analysis. If it is a 3rd wave, the 4 wave should be a corrective wave, which is a retracement. It should at least retrace 38.2%, as I calculated on the chart above. If you calculate the retracement from the bottom (A) to the high point (B), it should retrace at least 38.2 % (477 levels). You can always calculate the depth of CUP for your upside target.
NSE:HERITGFOODLong
by vikasbhekare
HERITAGE FOODS - multi-year breakout - Buy on Dips!Monthly Time Frame: Overview & Observation: 1. Beautiful Double bottom formation and broke 7 years of resistance level in 1 shot shows strength in buying. 2. Good volume support 3. Earnings are strong. Trade Plan: 1. It has already gone to targets for the structure it gave BO. 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
NSE:HERITGFOOD
by SuperNova396
Positional Long Trade on Heritage Foods Price and Chart Analysis - 1) Stock gave a BREAKOUT above MULTIPLE RESISTANCE ZONES 2 weeks ago. 2) Now trading and retesting near breakout level. 3) Daily Candle today was a Gravestone Doji after a downtrend, indicating possible bullish reversal hereon. 4) Zooming out, looks like a possible INVERTED HEAD & SHOULDER BREAKOUT and PULLBACK, with VOLUME CHARACTERISTICS ticking all the boxes. Volume Analysis- 1) Breakout was supported by VERY HEAVY VOLUME. 2) Pullback towards Breakout level has been accompanied by VERY LOW or BELOW AVERAGE VOLUME ( Please see Daily Chart for the Same)
NSE:HERITGFOODLong
by aniketkulkarni500