ADF FOOD LTD - FMCG Company for Next Decade

[bheeshma]

Bull therapy 101-thread for technical analysis with the fundamentals

Support/Resistance & Trendlines are one of the most important tenets of TA. Attached is daily chart of ADF foods which recently came out with a good set of numbers with a Yoy earnings growth of 24%. Of particular interest its distribution business which has a great ROCE of 38% and is growing at a rapid pace. Given that this biz was started in Q1’20 it has grown from strength to strength and from contributing 7% to the topline it now contributes 21% to it. A fast growing business generating an R…