LT Foods (DAAWAT), breakout on the cards. Upside 50%

٣ ديسمبر ٢٠٢٠

LT Foods has give a shallow correction after a good upmove with volumes.
Now is has broken the the pullback trendline with increased volumes.

Entry: 60
Target: 90 - 100
Stoploss : 48-50

Timeframe: [4months]

٣ ديسمبر ٢٠٢٠

تم فتح الصفقة

Entered at 58 {SL:48]

٨ ديسمبر ٢٠٢٠

ملاحظة

Stock retest on the trendline near level 54.2, Volume on downmove are less suggesting accumulation. Buy on dips toward 48-50 and maintian strict stoploss

٩ ديسمبر ٢٠٢٠

ملاحظة

١٦ يناير ٢٠٢١

ملاحظة

Stock volatility has gone down and it is in narrow range.. Move stoploass to 55.