Kohinoor Foods is rates as the long term investment stock. Stock Consolidates for the past 1 year there is a lengthy positive divergence. More over the stock currently trading above the weekly cloud supports as shown in the chart. Support for Kohinoor Foods comes around 54.5. Target zone comes near Rs 80.
Rajandran is a trading strategy designer and founder of Marketcalls, a hugely popular trading site since 2007 and one of the most intelligent blog in the world to share knowledge on Technical Analysis, Trading systems & Trading strategies.