PRATAAP SNACKS LTD
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Diamond Positional Trade Setup: Prataap Snacks Ltd(NSE: DIAMOND)

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Current Price: ₹1,253.30 (+7.71% rally)

Key Levels:

Support: ₹1,183 (Recent Swing Low)

Resistance: ₹1,269 (Immediate) → ₹1,400 (Next Target)

Trend Indicators:

TEMA (5,9,20): Bullish alignment (short-term momentum).

SuperTrend (10,3): Green line → Uptrend confirmation.

Price Action: Strong bounce from ₹1,183, now testing ₹1,253.

Fundamental Checks (Screener.in Recommended)
Sector: FMCG (Snacks - High Growth Potential)

Debt-to-Equity: Check if <0.5 (Low Debt Preferred)

Revenue Growth: Look for consistent 10%+ quarterly growth.

Margins: Stable/expanding operating margins (~10-15%).

Positional Trade Plan
✅ Entry Zone: ₹1,230-1,250 (Dip near support)
🛑 Stop-Loss: ₹1,180 (Below recent swing low)
🎯 Targets:

₹1,400 (12% upside)

₹1,500 (20% upside – Trail SL)
⏳ Holding Period: 3-6 months (FMCG stocks trend steadily).

Confirmation Signals
Volume: Surge above 20-day avg volume on breakout.

Sector Tailwinds: Monsoon impact on raw material costs (potatoes/oil).

Earnings Date: Check Screener.in for upcoming results.

Risk Management
Avoid if Nifty FMCG index is under pressure.

Exit if price closes below SuperTrend line.

Final Verdict: Strong technical rebound + FMCG resilience = Solid positional trade. Always pair with fundamentals!

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