BASF INDIA LTDLong
BASF on a strong support
Updated
BASF is consolidating near a strong support. We can see a higher low, higher formation with daily RSI over 60 which indicates that a breakout might happen soon.
Stock might face resistance at 2650 and 2800 levels.
Kindly trade as per your own analysis since this idea is shared only for educational purpose.
Stock might face resistance at 2650 and 2800 levels.
Kindly trade as per your own analysis since this idea is shared only for educational purpose.
Note
Just watch the importance of a strong support. 6000 from 2500 in little more than a year. Support reversal trades take time but are relatively safer than breakouts.
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