Stock of the Day – Heritage Foods

With elections taking off in India, Heritage Foods which can be called a “Politically linked Enterprise” has been on a over-drive in recent days. But the recent rise is nothing if one shifts the focus from daily charts to Monthly charts for here you can see a clear cut Pole and Flag pattern. If this pattern is true and the stock finally moves to the target area (Pole length is 220 Rupees and breakout is at 250, you do the calculation 🙂 ), this can be a true multi-bagger identified using long term technical charts.


About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (
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