Analysis:
Bombay Burmah Trading Corporation Ltd. has a market capitalization of 10,840 crore, with a current market price of 1553.70. Its 52-week high/low is 1839.95/918, offering a dividend yield of 0.08. The stock has a beta of 1.33.
In the 15-minute timeframe, the stock is observed to be moving in a rounding pattern and is attempting to surpass its 20/50/100/200 EMAs. The resistance level stands at 1570.95, while the support level is at 1538.36.
On the weekly timeframe, the stock has crossed below its 20 EMA at 1559.37 and found support at 1461.51.
While a slight correction may be expected in the short and medium terms, a bullish outlook is maintained for the long term.
Investors are advised to conduct thorough research before considering trading or investing in Bombay Burmah Trading Corporation Ltd.
Disclaimer:
The following analysis is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions. Investing in stocks carries inherent risks.
Bombay Burmah Trading Corporation Ltd. has a market capitalization of 10,840 crore, with a current market price of 1553.70. Its 52-week high/low is 1839.95/918, offering a dividend yield of 0.08. The stock has a beta of 1.33.
In the 15-minute timeframe, the stock is observed to be moving in a rounding pattern and is attempting to surpass its 20/50/100/200 EMAs. The resistance level stands at 1570.95, while the support level is at 1538.36.
On the weekly timeframe, the stock has crossed below its 20 EMA at 1559.37 and found support at 1461.51.
While a slight correction may be expected in the short and medium terms, a bullish outlook is maintained for the long term.
Investors are advised to conduct thorough research before considering trading or investing in Bombay Burmah Trading Corporation Ltd.
Disclaimer:
The following analysis is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions. Investing in stocks carries inherent risks.