BODALCHEM
Bodalchem - Darvas Box Pattern The stock has formed DARVAS BOX
on the DAILY chart wait for Breakout.
View is valid till the stock first gives Breakout above buy level, please ignore if stock goes below the stoploss before Breakout given
One can enter above 88 with a
strict Stoploss of 76
Target 1 - 98
Target 2 - 108
Target 3 - 118
#SWING TRADE
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BODALCHEM - Bullish Consolidation with VolumesNSE: BODALCHEM is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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BODAL CHEMICALS
Target:- 150
Stop Loss:- 111
Duration:- 4 to 5 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. This is basically parallel channel. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave.
FY21-22 Swing Trade Idea #52: Long on BODALCHEMThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Bodalchem : Inverted Head and Shoulder BreakoutChemical Sector seems in good move
Bodal is in good momentum and given inveretd head and shoulder breakout in previous session
If Previous day high breaks, Long can be initiated wsl 66
Target 130, 155
Short term trade
Disclaimer : This idea is for only educational purpose