FOODSIN trade ideas
Foods & Inn Ltd LevelsAs per my analysis, NSE:FOODSIN has completed its monthly upside retracement and ready to move again for upside. Best level to take entry is 169 with stop loss of 158 (-11 points risk). My expected upside target would be 180 (+11) & 196 (+27). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own analysis/research to take any trade.
Thanks.
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
#foodsFoods & Inns Limited-Stock has given the breakout on Daily Chart along with breakout on RS Dual trend line, RS line is also approaching 0 Line. A good candidate for. Company is in Fruit Powder Market, Global Fruit Powder Market is to Witness Significant Growth between 2020-2026 with leading players Foods & Inns Ltd, R.K. Damani Holds 5% stake in the company. There are various triggers for huge upside in the stock. Stop loss should be 54 on closing basis, Target Price should be 75-80 in next 3-6 Months.