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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Patanjali we can expect to see in upside upto 2600 Rs from current price. Current monthly trend for Ascending Triangle pattern breakout, Current price 1600 Rs, Target 2650 Rs and Stop loss 1100 Rs
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.
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
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Patanjali ready to FLY ... Forming Cup and Handle have charted down Patanjali Movement ....
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PATANJALI FOODS giving a breakout of its all time high. after making ascending triangle pattern. Consolidated for a long time and finally gave a breakout maybe because of the latest investors meet. the company is under regulatory investigation so be cautious. just good to observe and learn the price behaviour.
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.
major trend will change above 1100 my trade is on technical but have done an investment in this my position is not for trading but trading position can be taken as the stock is showing some recovery and has completed a wave cycle a fresh move is expected in this counter my position is for 6 months time period at least for trading stop loss will be 960 but i think...
Buy patanjali foods at CMP or below
Keep sl at 1160
Tgt 1430
Only for traders having patience
Ask your financial advisor before buying
Only for educational purposes
Hi there,
i have been sharing the chart patterns which are seen on any type of price charts. (CANDLESTICK CHART) and after research and experience, i see that the price move via various ways or concepts.
as per my experience, i see that the price move via waves & correction, and react to supply and demand levels. please share it and one may need it. and this is...
