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.

Image 

Advertisements

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 (groups.yahoo.com/group/technical-investor)
This entry was posted in Uncategorized and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s