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.
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...
BBTC:- The stock has formed a double bottom pattern, if it gives a breakout, a good move to the upside is expected. keep in radar
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 :)
RESULTS WERE AMAZING.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
TRADING WATCHLIST FOR W/B 23-08-21
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...
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,...
Name - #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