TASTYBITE trade ideas
Buy for long. Taking support at trend line. RSI positive divergence back to back . Stock ready for a reversal.
TASTYBITENSE:TASTYBITE
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
TASTY BITE IS ALL SET TO OFFER 12 % ROI AND ITS ATTRACTIVEits LONG SHARE AT PRICE OF 10561 DATE 02.01.2022 OOHO 2023 IT HAS POTENTIAL UPTO 12 % ROI
Tasty Bite Eatables has an operating revenue of Rs. 435.32 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 4% needs improvement, ROE of 4% is fair but needs improvement
for more WSUP ME 8459 220 202
Tasty Bites-Nice BreakoutTasty Bites-Nice Breakout
Capital to be deployed- 20k
Investing Price -14050-150
Breakout Price -14022
Stoploss -12265
Targets -18849-26088
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#tastybites #StocksInFocus #StocksToBuy #stockstowatch #StocksInNews #SwingTrading #BREAKOUTSTOCKS
TASTY BITE AT IMP SUPPORTAnother stock, that came on the radar is Tasty BIte for a Positional Trade.
The stock made a low of 8050 in the last week of June 2022 and then rallied massively from there and made a High of 13700 in late August 2022.
That's a huge 70% return in just two months.
Usually when stock witnesses such a fast move it usually consolidates for a long time afterward.
Now the stock has been consolidating for the past 3 months in a 20% range i.e 11300- 13700.
There can be two types of trades that can take place:
1. Support Trade
2. Breakout Trade
Support Trade: Stock can be bought near the support level, which would offer a great risk-reward ratio, but at the same time,
Cons of Support Trade: your capital might get blocked for a long since we do not know how long it's gonna consolidate.
Breakout Trade: Keep the stock on the radar, Wait for a Breakout
Manage Your Risk as per your capacity
Cons of Breakout Trade here: You might miss the stock, as it gives huge swings and the risk-reward wouldn't be favorable by then.
Trade at your own risk
TASTY BITE AT IMP SUPPORTTasty Bite is again at its imp support zone: 12298 - 11593.
It is testing this support for the second time, providing another opportunity for accumulation.
Price action at the support also confirms that demand does exist there.
Disclaimer: Not a recommendation to trade.
TASTY BITE AT IMP SUPPORTThe stock had formed a spinning candle at imp support levels.
If held, might resume its previous trend.
Tasty bytes It looks like after consolidation, it's forming ascending channel with volumes. May go long on this.
This is just for study purposes & not the recommendation.
#TASTYBITESRetest made in Daily TF and stock is holding 20EMA in weekly and 50 EMA in daily.
Looking at daily candle it showers buyers are having the upper hand over sellers.
just a prediction for this stockThe upside has happened after rangebound movement, but it has not happened with big volume. This upside may fade away soon.
TASTYBITE - zigzagThis FMCG stock seem to have demand zone at 8800 - 7500 levels
CMP: 10450
Target 12280, 13280
Support: 8800, 8000, 7500
