NSE: 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...
Bodal chemical has done breakout of Inverted Head & shoulder and completed retest also.
It is under right shoulder of bigger IH&S.
Wait for best entry and take position for 130 target with SL of 78
This is the detailed analysis of Bodal Chemicals explained in the chart published above.
DISCLAMER- This analysis is for educational purpose. However the one who is considering this idea kindly follow proper risk management.
FOLLOW FOR MORE.
Thank You...
BUY CMP
SL-134.5
TGT- 163
TAKE MIN RISK REWARD 1:2
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.
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.
This 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...
Chemical 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
Bodal Chemical which is a decent performer has completed its bottom and trying to comeup with a upside of 60% potential. The company is not very strong so it might take more time and would recommend less allocation.
