BOMBAY DYEING (Momentum Trade)
Here you see that price stops lower lows & make higher high price formation after breaking the change of structure level.
Now price is ready to make new high above 238
Need closing above 239 in daily.
Target is marked on the chart.
If you see the RSI you found a classical H & S pattern which is also near to breakout.
So keep an eagle eye on this stock for short to mid term.
Idea got invalid below 192
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
Now price is ready to make new high above 238
Need closing above 239 in daily.
Target is marked on the chart.
If you see the RSI you found a classical H & S pattern which is also near to breakout.
So keep an eagle eye on this stock for short to mid term.
Idea got invalid below 192
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
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