LT FOODS - 7 MONTHS OF SUPPLY ZONE BREAKOUTSUPPLY ZONE & 7 MONTHS BREAKOUT
Breakout point - 220
ENTRY - 220
SL - 210
TARGETS - 250, 280
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Ltfoods
NSE:KRBL Company website krblrice.com
World's largest rice miller. It is best known for its India Gate brand of basmati rice, which is the largest selling rice brand in India
Also World's largest Basmati Rice exporter with channels in more than 82 countries
Lowest price to earning at 12, Market Cap: Rs. 5,700cr ( $ 750 million)
6% debt vis a vis peer companies debt @ 25%
Other brands- Doon, Nur Jahan, Indian Farm, Bemisal, Aarati, Unity, Lotus, Taj Mahal Tilla, Shubh Mangal, Necklace, Lion, Al Wisam, Train, Al Bustan, Telephone, Southern Girl, Alhussam, Blue Bird, City Palace
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Fundamental change- Share has been muted for years, war escalates commodity prices, demand will only increase while countries face a supply crunch, agro sector stands to gain, just how metal sector is outperforming. Local target 580, but if hold long enough- 4 years, see a 5x return.
DAAWAT (LT FOODS LIMITED) - Double Digit Stock + Volume Breakout📊 Script: DAAWAT (LT FOODS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MICROCAP 250
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Food Products
Key highlights: 💡⚡
📈 Script is giving breakout of upper band of Bollinger band (BB).
📈 Crossover in MACD .
📈 Double Moving Averages crossover.
📈 It is double digit stock with huge volume then previous trading session that is volume breakout.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 98.75
🟢 Target 🎯🏆 - 114
⚠️ Stoploss ☠️🚫 - 91
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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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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Daawat (Long Term Strategy)Hi Everyone,
Here is an interesting pattern update on Daawat , we can see Daawat has formed an Ascending Triangle . These patterns trend may be either bullish or bearish
Two Scenarios for this pattern:
1. We need to see a price break above 55-56 with a volume accumulation and this confirms the next new high in the near future. The trend will continue to be bullish
2. Price Break below 46-48 with OBV going down along with selling pressure which tends to be bearish and should stay away
Fundamentals:
1. Daawat is the No. 2 branded basmati segment in India and also has a global presence
2. Their majority of the revenue is from basmati rice selling both B2b and B2c. As we can see recently, the management is adapting to consumer needs and they are entering new segments within the rice category and trying out the needs of consumers with different range of products. Management expects the company to grow faster than the sector
3. If my guess is not wrong, they might become the next big FMCG company in the Rice industry through their forward integration strategies and this is the biggest tailwind for this company.
4. Covid-19 has given the company great tailwinds and the quarterly results speak for itself
4. Company has good cash flow along with reducing debt levels which is a good sign for long term
For Investors:
1. It is always good to analyze the Fundamentals and buy the share, but it is always good to buy if all the odds are in your favor.
2. Fundamentals looking good, Technical set up looking good (Please see the Two scenarios), Long term outlook looking good
3. Company is a branded segment and No.2 in India and Basmathi segment
4. It is good to accumulate the share if it crosses above 55 and buy the dips during the US elections
Initiating a Longterm Buy above 55 for a target of 70-80 in 6 months to 1 year
Initiating to stayaway from stock below 46
Thank you and hope you are enjoying the analysis. Please do follow me for more updates, please like and comment :)
Disclaimer: This is an educational Advice not a financial advice