Hi,
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...
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 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 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 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...
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.
