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BUY MRS BECTORS FOOD SPECIALITIES | TARGET: Rs 475 | STOP LOSS: Rs 400
Bector Food has seen a secular rally from its 52-weeks low of Rs 328 odd zones and since then there has been no major correction in the counter. The stock is currently hovering near its long-term exponential moving average (200 DEMA) that even collides with the 38.20% of the Fibonacci retracement, suggesting huge upside room for the counter. In the recent past, the formation of rounding bottom with a gradual increase in the trading volumes is sign of a rally. On technical parameters, 14 period
Bector Food has seen a secular rally from its 52-weeks low of Rs 328 odd zones and since then there has been no major correction in the counter. The stock is currently hovering near its long-term exponential moving average (200 DEMA) that even collides with the 38.20% of the Fibonacci retracement, suggesting huge upside room for the counter. In the recent past, the formation of rounding bottom with a gradual increase in the trading volumes is sign of a rally. On technical parameters, 14 period
