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PATANJALI FOODS LTDPATANJALI FOODS LTDPATANJALI FOODS LTD

PATANJALI FOODS LTD

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PATANJALI trade ideas

Patanjali - The Dark Horse?Patanjali showed resilience while the broader market was deep in the red. Its downside was relatively limited. However, today, the stock suddenly dropped 10%, hitting the lower circuit. It's attempting a recovery and remains in a decisive zone. The price structure still looks promising for now. What’s your take on this? Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
NSE:PATANJALI
by TheChartereds
PATANJALI FOODS S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:PATANJALI
by zenthosh
Patanjali ready to FLY !!!!Hello All, I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits. Sorry, I was banned by the moderators for not following the house rules ... But here I am back again :-) Patanjali ready to FLY ... Forming Cup and Handle have charted down Patanjali Movement .... If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading. Gautam Khanna Technical Analyst by Passion :-)
NSE:PATANJALILong
by GKTrademanthan
High Risk and High PE Stock Patanjali Foods looking Positive. Patanjali Foods is one of the leading FMCG (Fast Moving Consumer Goods) player in India for producer and marketer of range of healthy edible oils and pioneer of Soya food products . The company owns 22 manufacturing plants that gives a strength of manufacturing and packaging 11000 tones material per day. It also one of the largest palm plantation company in India. Patanjali Foods CMP is 1144.50. Negative aspects of the company are high valuation (P.E. = 46.7) and MFs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt, improving cash from operations, FIIs are increasing stake and zero promoter pledge. Entry after closing above 1152. Targets in the stock will be 1231 and 1297. Long term target in the stock will be 1370. Stop loss in the stock should be maintained at closing below 1000.
NSE:PATANJALILong
by Happy_Candles_Investment