BASFNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
BASF
BASF on a strong supportBASF is consolidating near a strong support. We can see a higher low, higher formation with daily RSI over 60 which indicates that a breakout might happen soon.
Stock might face resistance at 2650 and 2800 levels.
Kindly trade as per your own analysis since this idea is shared only for educational purpose.
BASF | Positional Trade📊 DETAILS
Sector: Pesticides & Agrochemicals
Mkt Cap: 13,999 cr
BASF India Ltd's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals.
TTM PE : 39.44 (High PE)
Sector PE : 17.32
Beta : 0.58
📚 INSIGHTS
MC Insights PRO
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
4.09% away from 52 week high
Outperformer - BASF India up by 7.4% v/s NIFTY 50 down by -0.43% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Looking strong above 2500#BASF
WEEKLY
• Previous resistance is now working as support
• Consolidating near support zone from last 3 months
• Volumes are dry during this time period
• Looking stong if sustain above the level
• If sustain above the level then buy near 2500 (Don't buy immediately after breakout let the price sustain)
• Target 2800/3030
• There's a trendline resistance also for upside if sustain above that also then further targets are 3270/3600/3700++
• Sl below 2150 on WCB
The analysis is only for study and informational purposes.
⚠️ Don't trade tips (also mine), do your own analysis and take trade because it's your money⚠️
#CHARTVIEW
BASFBASF:- Rounding bottom pattern is formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BASFBASF:- If we see carefully then triple bottom pattern is formed, if it gives breakout then we can see upside move.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BASF ready for the uptrend!🤩💸🔥Buy BASF for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
.
✔️Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
.
💡The stock is in a long term uptrend. From Aug 2021 it was in a retracement phase with very low volume. Now, with volume breakout of last Lower High & volume continuation retracement seems to have been completed and stock is poised to show a strong rally from current levels.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE 😄😄😄
Trend Analysis - Bounce from SupportBASF is one of the chemical sectors pioneers of India. Recently during the drag in this sector, the share fell from its all time highs and has reached its trend support. the last 2 days have witnessed a healthy bounce and I am curious to see if it can move in the trend again
BASF - Flag Breakout The stock showed a minor breakout of the flag pattern it was moving in. Volumes also spiked during the end of the trading hours on 14th.
Trade can be initiated if the stock crosses and sustains level of 3600 on Monday, Oct 18th.
Target levels are stated on the chart.
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BASF - Price Action & Fib RetracementBASF is sitting just below a crucial support at 1280 on its fall.
Sell below 1265 for 1240 (50DSMA), 1225, 1210, 1200 with SL at 1280
Disclaimer:
These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - like it & share comments :)