COFFEED looking bullishCOFFEED has been forming a cup pattern or rounding the bottom with higher highs and higher lows.
You can observe buying volume in the last few sessions.
The daily and weekly RSI are above 60, and the monthly is nearing 60. This indicates a potential upside move.
It is trading near its neckline. If it breaks the trend line and retraces near it, it would be an entry point and can enter the trade for risk to reward ratio 1:3.
Coffeedaylong
Buy Coffee Day Enterprises LtdCoffee Day Enterprises Ltd. which runs cafe chain with brand name Cafe coffee day is trading at a current price of 53.2 rupees but it's book value is 146. Its around 2.744 times book value. The company is running and generating profit even after the death of its founder years back. It shows that the management of the company is keen to take the company to new heights.
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