LT Foods Ltd (DAAWAT) has given a strong breakout above its multi-month resistance zone around ₹447.5, backed by rising volume and momentum. This marks a fresh 52-week high, supported by bullish RSI strength (above 80).
📈 Trade Setup:
🔹 Entry: ₹447.5 (Breakout Retest Zone)
🔹 Target: ₹670
🔹 Stop Loss: ₹373
🔹 Risk-Reward Ratio: ~3:1
✅ Why I Like This Setup:
Clean breakout from consolidation
Strong volume confirms participation
RSI above 80 indicates trend strength
Bullish price structure across daily chart
⚠️ CMP is currently above entry zone; ideal entry would be on a retest of ₹447–455 range.
Position sizing is key due to SL distance (~16%).
This setup is ideal for swing traders with a short-to-medium term view (2–4 months).
📊 Disclaimer: Not financial advice. Do your own research before investing.
📈 Trade Setup:
🔹 Entry: ₹447.5 (Breakout Retest Zone)
🔹 Target: ₹670
🔹 Stop Loss: ₹373
🔹 Risk-Reward Ratio: ~3:1
✅ Why I Like This Setup:
Clean breakout from consolidation
Strong volume confirms participation
RSI above 80 indicates trend strength
Bullish price structure across daily chart
⚠️ CMP is currently above entry zone; ideal entry would be on a retest of ₹447–455 range.
Position sizing is key due to SL distance (~16%).
This setup is ideal for swing traders with a short-to-medium term view (2–4 months).
📊 Disclaimer: Not financial advice. Do your own research before investing.
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