Patanjali Foods is going to be explode soonHere in Patanjali Foods, we can see that price action is headed towards a narrow range and soon it will be explode either ways. One can be accumulate this share with the following target (but only after breakout from Rs 970 level)
1st target - Rs 1000
2nd target - Rs 1031
Stop Loss - Rs 930
Enjoy your Trade well and be profitable with short targets in Share market.
RUCHISOYA
Ruchi Soya to get Patanjali flameRuchi's structure looks like a big rally coming soon might make new highs . Good luck lets see how it plays...
RUCHI SOYA IND 60MINRUCHI SOYA IND 60MIN is trading in a range for a long time breakout is done of the long trendline and the second trendline is also there of orange color that the stock is making, breakout of this can give bullish momentum. Bullish divergence is also there. Also we can see there is strong long term support on 1040 price level and we can see that stock many times bounced from here.
Ruchi Soya Industries Ltd ( Ruchisoya ) - Patanjali Effect Ruchi Soya Industries Ltd stock ( ticker Ruchisoya ) is another addition to our 'losers becoming winner' series. Earlier we have already discussed two more stocks and their possible good upside potential, namely - Unitech and Amteck Auto. Since we have already mentioned the common rationale behind these trades in previous trade posts ( please check the link for Unitech and Ametk Auto), we are not going to repeat that.
How much good a deal with Patanjali can bring to Ruchi Soya's stock is still needs to be discovered but one needs to understand that market moves on perception rather than performance. So when numbers will be released during the quarterly results later after few months, it may be too late to invest ! Funny thing is, this stock came to our attention because of a fake news of a deal with Patanjali couple of weeks ago ! But then 24 / 25 was a good support on a pull back and we took a trade just for few points. As soon as we entered into the trade, again news ( this time real ) broke out about the deal and gave the stock a good bounce. Now since we have enough profit buffer until below 20, we will hold the position and see what happens next.
NIFTY is also working according to the script.