BGRENERGY
weekly bullish patter in BGR EnergyA Inverted Head & Shoulder Chart Pattern Breakout happened on the Weekly Time frame of NSE:BGRENERGY
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the level mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for Educational Purpose only.
BGR Energy System Analysis Stock has given BO on all TF with good volume build up forming Cup and handle pattern, follow chart for proper support and resistance levels.
TLBO on BGRENERGY Daily chart with 200 ema supportTLBO on BGRENERGY daily chart with good volume . BO candle also had BO on 200 ema. Good RR trade -- Buy near 76-77 Target 104,124 SL 63
BGRENERGY Trend Analysis1BGRENERGY
1. rising wedge pattern breakout
2. retest after expect target level
BGR ENERGY SYSTEMSReady for the big move. Weekly break out in BGRENERGY
Make sure entry above 62
Note that this analysis for only educational purposes. Please share your review on the analysis
BGR Energy- Post crash weekly closing high and triangle breakoutBGR energy broke out of a 10 month long consolidation/sideways move and closed at a fresh weekly closing high. This is its highest weekly closing since June 2019.
The chart also shows a clear symmetrical triangle breakout this week. The move is supported by decent volumes and will most likely hold up going forward.
The obvious target for BGR energy is the 65-66 level as it was a major resistance area for the stock in 2019. Additionally, the 200 week SMA is also currently at the same level (65.82). If/when the stock closes above 65-66 levels on a weekly basis, we can expect a much bigger upmove going forward with targets of 82 and beyond.
Longs can be held with a WCB SL of 49.8.
