FFL Fuaji Foods Limited Short term analysis 19th Jan. 2021

Further Advance

Our Pivot: 14.70

Our Preference: Start buying FFL from current price and average it out till 17.76 with strict stop loss of 14.70 and profit target at 23.15 with extension towards 27.20.

Alternate Scenario: Downward penetration of 14.70 will call for 12.80.

NOTE: FFL have given bullish breakout of its descending wedge on weekly chart and now its moving in a bullish price channel.

Chart with supports & resistances: