#Update | 🔍 #OnRadar
#BclInd (BCL Industries Ltd.)
📈 Base 2 Brewing—Will History Repeat?
CMP: 47.09
📌 Previous Discussion Recap:
Previously highlighted #BCLIND around 32 with a support zone near 27. The stock made a low of 27.61 and then rallied up to 86.25 (pre-stock split 1:10) — a significant move.
Technical View — Monthly Chart (Educational Purpose Only):
BclInd is showing signs of continuation of the #ParabolicMove. Earlier, it broke out from #Base1 at 19.57 and rallied up to 52.50 — an impressive ~270% move in just 10 months.
Currently, it appears to be forming #Base2 structure.
📌 Confirmation Level: Monthly close above 86.25 (ATH) may validate the continuation of the move.
🧐 Will the parabolic momentum resume?
If the parabolic structure repeats, this could evolve into a strong long-term breakout — worth tracking closely.
⚠️ Disclaimer: This is not a buy/sell recommendation. Please consult your financial advisor before making any investment decisions. This post is purely for educational and observational purposes.
#TechnicalAnalysis | #PriceAction | #ParabolicCurve | #LongTerm
#BclInd (BCL Industries Ltd.)
📈 Base 2 Brewing—Will History Repeat?
CMP: 47.09
📌 Previous Discussion Recap:
Previously highlighted #BCLIND around 32 with a support zone near 27. The stock made a low of 27.61 and then rallied up to 86.25 (pre-stock split 1:10) — a significant move.
Technical View — Monthly Chart (Educational Purpose Only):
BclInd is showing signs of continuation of the #ParabolicMove. Earlier, it broke out from #Base1 at 19.57 and rallied up to 52.50 — an impressive ~270% move in just 10 months.
Currently, it appears to be forming #Base2 structure.
📌 Confirmation Level: Monthly close above 86.25 (ATH) may validate the continuation of the move.
🧐 Will the parabolic momentum resume?
If the parabolic structure repeats, this could evolve into a strong long-term breakout — worth tracking closely.
⚠️ Disclaimer: This is not a buy/sell recommendation. Please consult your financial advisor before making any investment decisions. This post is purely for educational and observational purposes.
#TechnicalAnalysis | #PriceAction | #ParabolicCurve | #LongTerm
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Related publications
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.