PFL has formed a long-term Flag pattern and has reached a resistance level. A breach of this resistance shall entail a rise in price level by another INR 1000 from current levels. Let us keep track of it.
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Looks good as it has crossed its all time high and is staying above it
might take one or two days to confirm its new trend
definitely will give a good long uptrend if we can get a green candle tomorrow.
Hoping for a uptrend in it.
I personally follow patanjali last few months that share hold multiple setup but pure shot on fab points
1. hold triple top on monthly
2. same triple top on weekly on H4
3 .Range breakout
4. perfect take support on fab. 0.5 point
5. upper fab point is very exited
hope for the best in negative sentiment market.
Patanjali Foods is one of the leading FMCG (Fast Moving Consumer Goods) player in India for producer and marketer of range of healthy edible oils and pioneer of Soya food products . The company owns 22 manufacturing plants that gives a strength of manufacturing and packaging 11000 tones material per day. It also one of the largest palm plantation company in India....
Here in Patanjali Foods, we can see that price action is headed towards a narrow range and soon it will be explode either ways. One can be accumulate this share with the following target (but only after breakout from Rs 970 level)
1st target - Rs 1000
2nd target - Rs 1031
Stop Loss - Rs 930
Enjoy your Trade well and be profitable with short targets in Share market.
