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Today we are back with Top Breakout stock to trade on Upcoming Trading section for both Intraday and Short-term. L T Foods Ltd (NSE: LTFOODS) has been performing well recently. So lets look in to the detailed Analysis of the stock and Past performance in August 2024. Get Live Intraday Updates on our free telegram Channel https://telegram.me/safetrader90.

L T Foods Ltd Past Performance

The stock is currently priced at ₹313 and saw a 3% increase in the last trading session, bringing it close to its 52-week high of ₹317.40. In July, the stock gained over 14%, and it has already risen by 6.90% in August. This shows that the stock is gaining momentum and Our Top Pick of the Day.

L T Foods Ltd Latest Stock Analysis

Ascending triangle Formation of L T Foods Ltd

  L T Foods Ltd Latest Stock Analysis

L T Foods Ltd (NSE: LTFOODS) is showing an ascending triangle pattern on its weekly chart, a bullish indicator that suggests a potential upward breakout. This pattern is characterized by a series of higher lows and a relatively flat resistance level, indicating that buyers are gradually gaining control. If the stock breaks above the resistance level, it could signal a strong upward move, attracting more investors looking to enter on this particular Stock.

Entry Levels, Targets and stoploss for L T Foods Ltd

The Major Breakout can be considered above ₹315 price level, a key point Resistance level. With a 52-week high of ₹317.40, a breakout could lead to further gains, targeting levels of ₹325 and ₹335 in the near term. The stock is currently analyzed on a weekly chart, highlighting its bullish momentum. For those considering entry, it's important to set a stop-loss below ₹299 to manage risk effectively. This setup makes LTFOODS an attractive option for investors eyeing short- to medium-term gains.
Also Read our previous post on "Donear Industries Stock Entry Level and Upcoming target 2024".

Latest Update of the Stock

This Stock has announced a dividend of ₹0.50, payable on the 24th of August. Looking ahead, the company's earnings per share (EPS) are expected to grow by 10.6% over the next year. If the dividend remains consistent with recent trends, the payout ratio is estimated to be around 9.1%. This low payout ratio suggests that the dividend is sustainable, offering reassurance to investors who value steady income alongside potential growth.

Conclusion

In conclusion, L T Foods Ltd (NSE: LTFOODS) presents a compelling opportunity for both intraday and short-term traders, backed by its strong recent performance and bullish chart pattern. The stock's potential breakout above ₹315, with targets of ₹325 and ₹335, combined with a sustainable dividend, makes it a top pick for investors seeking both growth and income. As always, careful risk management with a stop-loss below ₹299 is crucial. Stay updated on this stock as it continues to attract attention in the upcoming trading sessions