BBTC - Swing Trade Analysis - 12th August #stocksBBTC - BOMBAY BURMAH TRADING (1D TF) - Swing Trade Analysis given on 12th August, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Pullback Candle from Weekly Support Zone - Done ✓
- Volume Buildup at Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
BBTC
BBTC Cross his supply zone and convert a profitable share In this budget govt take some big decision about the seeds and agriculture share and that chart technical parameter and chart show big upside move will came any time and reached his life time high and given almost double return from the time frame of next 6 month to 1 year time frame
Technical point
1- Weekly triple top
2- Monthly double top
3 - Near his supply zone
4 - proper follow fab. point
5- cup and handle on number of time frame
BBTC TRG
FIRST TRG - 2115 & 2200
SECOND TRG - 2800
FINAL TRG - 4000
STOP LOSS - 1480
after 4000 if that split than new TRG will open for next level
BBTC - Breakout Setup, Move is ON...#BBTC trading above Resistance of 1776
Next Resistance is at 3091
Support is at 1461
Here is previous chart:
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.
Breakout in Bombay Burmah Trading Corporation Limited...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.
BBTC Is Rocked Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Rectangular box Pattern in daily TF.
* Expanding Wedge Pattern Form Inside Rectangular Box
* From Feb 2024 to June 2024 Tested Trendline Many times.
* It's Break resistance Zone and trying to Retest.
* Volume Accumulation (Volume is rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
BBTC triangle breakout finally?BBTC is a very volatile stock which has shown many SL hunting moves in past.
The stock has given weekly breakout from symmetrical triangle and is looking good for big targets.
Levels are mentioned on chart. Trading in this stock has more risk than usual.
Idea shared only for educational purposes.
BBTC - Ichimoku Breakout📈 Stock Name - Bombay Burmah Trading Corporation Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2015.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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BBTCBBTC:- The stock has formed a double bottom pattern, if it gives a breakout, a good move to the upside is expected. keep in radar
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.
Swing Trading Opportunities for W/B 23-8-21TRADING WATCHLIST FOR W/B 23-08-21
INTENT
This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities.
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan.
Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed.
ON MY WATCHLIST FOR W/B 23-08-21 --
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS
BRITANNIA
COAL INDIA
GRASIM
HDFC
HINDALCO
SHREECEM
BANDHAN BANK
PNB
BBTC
Even though on a weekly basis Nifty has made an ATH close, there are several scrips across sectors that have been beaten down and many are below their 200 DMA, WMA as well.
I read it both ways -
Either
There is scope for Nifty to go up further as these scrips would eventually move up.
Or
Nifty may consolidate or drift until the overall market turns bullish for several leading names as well.
SECTORS LOOKING GOOD FOR LONG POSITIONS-
METALS
GROWTH
FINSERVICES
COMMODITIES
REALTY
During the week, the universe of my stock search is limited to Nifty, Banknifty and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well.
Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the set up and the trade basis, please do share so that together we can learn.
Thank you for your time and Happy Learning,
Umesh
22-08-21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades / investments on your own or consult your financial advisor before making any trades.
BBTC: Following a Bearish Trend"
TECHNICAL ANALYSIS OF NSE:BBTC
The LAST CLOSE PRICE of NSE:BBTC is 1303.65 . The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.5 at the FIBONACCI STOCK PRICE LEVEL of 1303.65. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1424.95 with RESISTANCE 1 and RESISTANCE 2 at 1187.95 and 1128.25 respectively. The Key 50% FIBONACCI LEVEL stands at 1274.9 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values 62.31 and D as 7.37 and 10.33 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 24.62 and 41.5 at 30.41 along with HISTOGRAM showing values of -5.79, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.83 and -0.44 with UPTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.8201 the STATUS is OVER SOLD.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 24.61 which signifies its Price Level to be OK.
>>> RECOMMENDATION is : SELL."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
BBTC LongName - #BBTC
CMP - 1282
SL - 1225
Target - 1500/1800/2000 ++
Time - 6 months
Technical Triggers -
1) High volume breakout from falling wedge pattern
2) Stock has followed long term channel from January 2020
3) Stock is in process of forming rounded bottom on multiple time frames
4) Initial target would be levels mentioned in charts and then channel top