Ltfooddawaatpricetrendanalysis
How Daawat LT Foodshas gained support at Rs. 50 and next?Daawat has found perfect support at Rs. 50 levels after years and with a recent break out levels starting from July. This undervalued stock has strong fundamentals and comes with a huge opportunity for long term bet. This Gann chart analysis is free for my followers to understand how we used Gann, Elliott and Fib circles o find perfect points where the stock might go.
Even Elliott Wave targets are at Rs. 64 levels. Check Elliott Wave Chart here:-
Our next targets:
Rs. 64 Levels are very much possible,
Support at Rs. 50 is very strong
Volumes are good
Note:
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LT Foods (DAAWAT) - Attractive for 10- 15 % gains A perfect cup and Handle formation candidate.
Expect it to touch its previous high of 45.8 followed by a small pull back (Handle).
The rally upwards will then begin.
However there may be some delay if Nifty corrects longer than expected.
So Be Cautious and always trade with a Stop Loss.
