NSE:BOMDYEING BOMBAY DYEING &MFG
The stock tested highs of 301 in late 2017 and has not made any major headway since then. It is moving in a broad trading range over last couple of weeks. A rounding bottom formation is observed within a large symmetrical triangle. Such formations have larger possibilities of getting resolved with a breakout on the upside. The prices have closed above the upper on the . Though short term pullback inside the bands is likely but on a broader note, upward momentum may continue. is seen breaking out of a formation and has marked a fresh 14-period high which is .