Fauji Foods Limited
Panjang

FFL — Descending Triangle | Support Zone : TP: 17.30 - 18.20+

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📢 FFL — Descending Triangle | Support Zone

CMP: 16.69

Strategy: BUY / ACCUMULATE (Near Support)

BUY RANGE: 16.30 – 16.80

🎯 TP1: 17.30 – 17.70
🎯 TP2: 18.20 – 18.70
🎯 TP3: 19.30 – 20.10

🚀 Extended Target: 21.30 – 23.50

🛡️ Stop Loss: 15.90 (Closing Basis)

Technical View: FFL is testing the lower boundary of a Descending Triangle near a major support zone. Holding above 16.20 could trigger a relief rally, while a decisive breakout above 18.00 would confirm a bullish reversal toward 20+.

Risk: Moderate to High.

Disclaimer: This analysis is based solely on technical chart patterns and publicly available market information. It is intended for educational purposes only and should not be considered financial, investment, or trading advice.

Penafian

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