The short-term outlook is bullish for Bikaji Foods International. The stock has been in strong uptrend since mid-February this year. This upmove is happening inside a bull channel. The stock is currently hovering above the lower end of the channel. Support is in the ₹740-735 region. The presence of the channel support and the 200-Day Moving Average (DMA) makes this ₹740-735 region a very strong support.
Bikaji Foods International share price can rise to ₹820 initially and then to ₹870 eventually in the coming weeks. Traders can buy the stock now at ₹767. Accumulate on dips at ₹745. Keep the stop-loss at ₹710.
Trail the stop-loss up to ₹780 as soon as the stock goes up to ₹795. Revise the stop-loss up to ₹800 and ₹820 when the price touches ₹815 and ₹830 respectively. Exit the longs at ₹840.
Video Credit: Businessline
Note: The recommendations are based on technical analysis. There is risk of loss in trading
Published on July 31, 2025
