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abhijitgujarathi15
Sep 14, 2019 7:24 AM

BA (BOEING) daily analysis. Long

Boeing Company (The)NYSE

Description

Boeing Daily Analysis:

On the daily chart an "Inverted head & shoulder pattern can be seen as well cup and handle.
Weekly breakout took place in boeing above 365 na d 370 levels.

If we see the same on the daily charts, Immediate supports are the 2 two broken green lines
@ 370.48 and 375.86 respectively, whereas the immediate resistence(blue broken lines) are 382.14 and 385.30
Once this stock is stable above 385 we can see targets of 400+
One can long in this counter with a stop of 361.10
A major breakout is expected to happen above 385 in this counter.

Trade active

Taking support on the first green line with an Indicision candle!!!

Trade active

touched 385.31 the upper broken blue line...Now a breakout above this level is good for this stock!!!

Trade active

went high as predicted till 391...came down but didnt hit the stop of 361.10 and now back on track!!!
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