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Break out from flag pattern in Bosch Ltd
BOSCH LTD
Long
Break out from flag pattern in Bosch Ltd
By Swingtrader20192015
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Updated
Nov 24, 2020
0
Nov 24, 2020
There is a strong breakout from flag pattern on daily charts today. Volumes of 2X can be seen on the breakout.
One more thing to watch out is that today price has crossed 50DEMA and shall be closing above the DEMA .
Try to enter between 12300-12400 for targets of 13100/13350/13700. SL will be low of the breakout candle on hourly chart i.e. 12100
Risk/Reward: 2.3/3.1/4.3
Enter only if price comes to the above range of 12300-12400. CMP 12540
Nov 24, 2020
Note
Bosch is showing good up move. Wait with patience. It should come back for retest of trend line.
Entry is valid only if it is available in 12400 range otherwise let it go.
Nov 24, 2020
Order cancelled
What an jump in Bosch. Could not enter the trade. Trade cancelled.
Beyond Technical Analysis
BOSCHLTD
Chart Patterns
priceactionanalysis
Trend Analysis
Swingtrader20192015
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