Consolidation” Breakout

On the daily chart, we have observed
strong accumulation within 71 to 61
levels along with huge volumes
• Hence any decisive upcoming close
above 71 levels, may confirm
“Consolidation” breakout
• On the daily chart, the stock has
recaptured its 20 day SMA and
LT Foods Limited
Weekly Tech Picks 20 September, 2021
sustaining above the same indicating
positive bias
• The positive divergence on the daily
RSI signals rising strength at lower
levels.
• The daily strength indicator RSI is
placed above 50 mark which supports
rising strength.
• The above analysis indicate an upside
of 78-83 levels.
*Holding period is 3 to 4 weeks