Burger King India (BURGERKING) - Buy
TRADE SETUP
After a small correction stock has been trading sideways and hovering around its 100-DMA. On Oct 19th stock broke out from sideways and also retook from its 50 and 100-DMA with higher volume. RSI, MACD and ADX suggest positive strength in this counter. Thus the position can be initiated between INR 165-168.
STI BUY ZONE
₹165.00 - ₹168.00
STOP LOSS
Stop-loss is currently set at INR 158.
GOAL
Our aim is to take ~13% and might revise our profit goal once the stock hits INR 188.
EARNINGS DUE DATE
Nov 26, 2021 Estimated
After a small correction stock has been trading sideways and hovering around its 100-DMA. On Oct 19th stock broke out from sideways and also retook from its 50 and 100-DMA with higher volume. RSI, MACD and ADX suggest positive strength in this counter. Thus the position can be initiated between INR 165-168.
STI BUY ZONE
₹165.00 - ₹168.00
STOP LOSS
Stop-loss is currently set at INR 158.
GOAL
Our aim is to take ~13% and might revise our profit goal once the stock hits INR 188.
EARNINGS DUE DATE
Nov 26, 2021 Estimated
Thanks
Gunjan Chokshi
Founder
investallign.in
Gunjan Chokshi
Founder
investallign.in
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