Novicetrader2015

BASF - ATH Closing

Long
Novicetrader2015 Updated   
NSE:BASF   BASF INDIA
Stock has a tendency to form rounding bottom and give BO after consolidating for couple of weeks.

Once can see drying of volumes during consolidation phase
Risen from the golden Fibo level of 61.8% in May
Today stock has given ATH closing
Stock seems set to make another high in coming sessions, targetting 8-9% move
Trade closed: target reached:
Patience rewarded, all targets achieved, more than 19% return
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