Bangkok Bank, Next Target is the Channel TOP, Gain +78% PROFITBangkok Bank has been Trading within a Channel Pattern for the past 24 years. A Rising Wedge Pattern formed within the Channel, and last year, it Breakout of the Wedge Pattern and Reached its Target. The market is now continuing its Uptrend, with the NEXT TARGET being the Top of the Channel Pattern, around 280 THB, although this may vary depending on the timing.
Take advantage of this Great Opportunity to Earn a Potential Profit of +78% ROI. As this is a Long-Term Analysis, it's important to follow Trend continuation techniques.
I want to help People to Make Profit all over the "World".
BBL
Bharat Bijlee Ltd - Breakout Setup, Move is ON...#BBL trading above Resistance of 6671
Next Resistance is at 9053
Support is at 4755
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Bharat Bijlee Ltd - Long Setup, Move is ON...#BBL trading above Resistance of 5363
Next Resistance is at 6671
Support is at 4000
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Bharat Bijlee LimitedBBL:- Ascending triangle pattern is formed, if the stock sustains upside by giving breakout, then we can see movement of upside, 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.
BHARAT BIJLEE - Strong Cup & Handle Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.