Ankushkokane

Breakout in BOMBAY DYEING & MFG.

Long
NSE:BOMDYEING   BOMBAY DYEING &MFG
Breaching in the resistance zone with quite high volume can be seen in weekly timeframe chart can also be called as Range Breakout. would suggest to make a long position at current levels and go for buy on dip if shows any dip till 95 level, can go long at CMP for the given targets in chart with the stop-loss of below the zone (exit only if weekly candle closes below the 94.55 level), can go for ultimate target of level 149.30 form mid term 8-10 weeks time..

THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
Trade active: got entry in 94.55-97.80 zone and also good upside move can be seen after a strong rejection in the zone. Hold for the given upside targets.