FFL Fuaji Foods Limited Short term analysis 23rd Feb. 2021

Rebound Insight

Our Pivot: 13.00

Our Preference: Start Buying FFL above 16.00 and average it out till 14.30 with strict stop loss of 13.00 and profit target at 19.70 and 21.00 with extension towards 22.60.

Alternate Scenario: Downward penetration of 13.00 will call for 12.00 and 11.30.

NOTE: FFL is moving in a bullish price channel on daily and weekly chart and have completed bullish correction of its last price rally.

Chart with supports & resistances: