BLS International : Rounding Bottom and Other Breakout Factor !!
In past two years , the stock has given a multiple breakout and return of 150%. The breakout were explained in chart 1) Falling Channel Breakout 2) Cup & Handle Breakout 3) Rounding Bottom Neckline
In current price structure, after making a all time high, the price retrenchment to 50% and from that level price move upward with higher high pattern formation. In first week of Apr'22, Rounding Bottom Neckline Breakout was observed with big weekly candle. The price retest to neckline level of Rs 155 and trend continuous with bullish candle.
ENTRY ABOVE RS 200 STOP LOSS RS 175 AND TARGET RS 250, RS 283 & RS 385
Disclaimer: The market is quiet violate behaving like sea-saw, plan your investment with financial advisor consultation and follow risk management to mitigate significant losses.
Thanks
In current price structure, after making a all time high, the price retrenchment to 50% and from that level price move upward with higher high pattern formation. In first week of Apr'22, Rounding Bottom Neckline Breakout was observed with big weekly candle. The price retest to neckline level of Rs 155 and trend continuous with bullish candle.
ENTRY ABOVE RS 200 STOP LOSS RS 175 AND TARGET RS 250, RS 283 & RS 385
Disclaimer: The market is quiet violate behaving like sea-saw, plan your investment with financial advisor consultation and follow risk management to mitigate significant losses.
Thanks