Bikaji food is looking good for swing above the mentioned level.
Reasons:- 1. Hammer formation in weekly tf on fib 50% zone.
2. Trendline breakout at daily time frame.
3. Bullish above the mentioned levels.
BIKAJI - Riding the Wave of Opportunity
📈 Market Momentum:
BIKAJI is making waves by achieving a new six-month high, accompanied by substantial trading volume. The latest tick reveals a strong price rise, supported by robust volume, signaling heightened market interest and potential opportunities for traders.
📊 Technical Indicators:
The MACD/Signal line bullish...
Bikaji is one company which has great fundamentals, and is going good every year
The stock has shown good consolidation in past few months and now is getting ready to give a braekout!
We can trade for the breakout.
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
Buy above:- 389
Stop loss :- 342
Target :- 440
Time :- 45 trading days
Bikaji itself is in the manufacture and marketing of snacks & Its products include Bhujia, Namkeen, Papad, snacks, sweets, and frozen foods.
