Bombay Burmah Trading Corp - Head & Shoulder Pattern & Retest!!
Bombay Burmah had given breakout of Head & Shoulder pattern and now has entered retest zone on a monthly time frame. It is looking good and can move towards our targets as mentioned in the chart. Other factors:
1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions.
2. Stock price is taking EMA 20 as a support on MTF
3. Holds 50% in one of the largest FMCG Co. Britannia - FMCG sector should revive and should give tailwinds to this stock.
4. Hold many dimensional business and EPS is increasing on a YoY basis
Keep this stock in your radar!! Keep following Cleaneasycharts as we provide Right Stock at Right Time at Right Price !!
Cheers!!!
1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions.
2. Stock price is taking EMA 20 as a support on MTF
3. Holds 50% in one of the largest FMCG Co. Britannia - FMCG sector should revive and should give tailwinds to this stock.
4. Hold many dimensional business and EPS is increasing on a YoY basis
Keep this stock in your radar!! Keep following Cleaneasycharts as we provide Right Stock at Right Time at Right Price !!
Cheers!!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.