sudhansrini
Long

BBTC : Another Winner of the Surgical Strikes

NSE:BBTC   BOMBAY BURMAH
99 views
1
99 10
The recent market correction due to surgical strikes tested BBTC and it took support at its 20 day EMA as shown and quickly came back to its upward trending channel and is now indicating its firm desire to continue in this upward channel.

Another winner along with our armed forces......
sudhansrini- any view for long term hold
Reply
sudhansrini SunilDhawan
Am bullish on this stock for two main reasons:
- Reduction of the holding company discount can result in significant upside
- Its investments in Britannia is doing good and expected to do well in the upcoming consumer spend revival theme.

Look for retracements to its lower end of the channel for low risk entry oppurtunities
Reply
SunilDhawan sudhansrini
those were my driving factor to enter at 260, but i am not clear on exit price
Reply
sudhansrini SunilDhawan
Hmm I did enter at a similar price. I added in the recent correction. Difficult to predict exit prices. I want to ride the momentum as long as it does and/or meet my financial goals. I have a expectation from this investment that is linked to my goals. Like that its easy to exit bcos ur objective is met :)
Reply
SunilDhawan sudhansrini
that's an interesting strategy. will apply to few stocks.
do check National peroxide. they hold close to 2% in BBTC and owned 70% by wadia. #holding
Reply
sudhansrini SunilDhawan
Hey Thx for the lead. I have studied the results and BS. Equity capital of 5cr against a reserve of >200cr. Hardly any debt. In the chemical space (thats hot).
Technically trading close to its breakout level of 856. Pretty good entry level with good risk reward to hold for long term. Am seriously considering entering this for long term after understanding their clients overall prospects that need their products.
Reply
sir pls review MOIL
Reply
sudhansrini SunilDhawan
Hi, IMO it needs to close above 290 to move higher. It did attempt to move above on Thu's (06Oct) trade,but faced supply. Friday's (07Oct) trade too confirmed the supply at 290 levels. So I would wait for close 290 and its confirmation for a couple of sessions with a eye on volumes before wanting to go Long in this counter.
Reply
SunilDhawan sudhansrini
I am holding in cash from 320 level. thanks, appreciate your clear analysis. it helps. GOD bless u
Reply
sudhansrini SunilDhawan
Thx :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out