BOMDYEING - Weekly Chart Analysis, CMP-181.95
The stock coming out of a downtrend, it rallied without any consolidation since then. It went in a base formation of 18Weeks and range of 28% it has broke on decent volumes.
Stock sailing above its key moving averages.
155-164 zone shall now act as good support and a weekly close with follow through will invalidate our view.
197 - 205 - 213 - 270 - 321 are the levels that shall be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Stock sailing above its key moving averages.
155-164 zone shall now act as good support and a weekly close with follow through will invalidate our view.
197 - 205 - 213 - 270 - 321 are the levels that shall be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Disclaimer
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