BARBEQUE REVERSAL INCOMING!BARBEQUE is in good reversal position and can deliver some handsome returns as per the shareholding pattern and technical analysis. Targets are marked on the chart and a new trend can deliver 50% return in the medium term.
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Barbequenation
Short term trading opportunity in Barbeque Nation for > 15% upsiHi,
NSE:BARBEQUE has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Technical Analysis for Barbeque Nation Hospitality Ltd.Technical Analysis for Barbeque Nation Hospitality Ltd. (BARBEQUE):
- **Time Frame:** Weekly chart
- **Trade Type:** Swing trade for 6-12 months
- **Entry Strategy:** Buy at Current Market Price (CMP) ₹626.60
- **Stop Loss (SL):** ₹539 for risk management
- **Targets:**
- Target 1: ₹1022
- Target 2: ₹1190
- **Risk-Reward Ratio:** Favorable
Monitor price action closely, particularly during the retest of the breakout. Adjust strategies based on market dynamics.
#BarbequeNation #TechnicalAnalysis #SwingTrade #StockMarket #RiskRewardRatio #TradingStrategy #BreakoutTrading
Barbecue Nation ready for fire !Mutual Funds have increased holdings from 18.18% to 18.76% in Sep 2023 qtr.
FII/FPI have increased holdings from 17.97% to 18.06% in Sep 2023 qtr.
Annual Revenue rose 40.02%, in the last year to Rs 1,241.78 Crores. Its sector's average revenue growth for the last fiscal year was 50.99%.
Good zone to accumulate for targets of 850/900+
BARBEQUE: Ascending Triangle BreakoutBARBEQUE is breaking out of a 5 month ascending triangle. The breakout has to successfully cross the 200EMA which is directly on top of break out now. High volumes for last 3 days with high RSI.
BARBEQUE BREAKOUTHi traders barbeque formed falling wedge pattern and we can already see breakout... longing in this stock with aim of 700
BARBEQUE - Buy @ 602Ready for bounce
Buy - 602
SL - 588
Tgt - 597
**This is personal opinion and for education only**
barbeque nation breakout patternbarbeque nation breakout pattern
TGT 1600 LEVELS
buy above 1290 ...1600 levels to be seen soon...
barbeque nation breakout pattern
TGT 1600 LEVELS
buy above 1290 ...1600 levels to be seen soon...
Barbeque Nation Hosp. LtdBarbeque Nation Hosp. Ltd bought by various FII and DII in bulk deal on 6/4/2022.Total buying of 355 crore Rupees at average price of 1164 Rs per share..
#Barbeque #stocktowatch #stockstowatch #stockmarket #stockmarketindia #swingtrading #bulkdeal #FII #DII #MutualFunds
Barbeque Nation - TL breakoutSwing tarders can plan a trade here with SL below the swing low. 10% SL
Barbeque Nation Can Give A Good Move Anytime.Barbeque Nation is forming a decent symmetrical triangle formation. it has taken 3rd support at the trendline and had also formed a rounding bottom formation which shows accumulation. Can be bought after breakout of upper trendline. MACD Crossover is also on a verge of happening, which helps the trend and big move. This stock is volatile and sometimes gives big movement and wicks, so have to be careful.
Barbeque nation resistance at 628.Bullish trend after breakout in barbeque nation.
If lockdown will be over then a good uptrend is expected so buy at Dip
368k volume.
32.91 % delivery in stock
long timeframe good stock.
