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Bombaydyeing

BOMDYEING - Weekly Chart Analysis, CMP-181.95The stock coming out of a downtrend, it rallied without any consolidation since then. It went in a base formation of 18Weeks and range of 28% it has broke on decent volumes. Stock sailing above its key moving averages. 155-164 zone shall now act as good support and a weekly close with follow through will invalidate our view. 197 - 205 - 213 - 270 - 321 are the levels that shall be tested over the long term. Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NSE:BOMDYEINGLong
by marketmoneymohmaya
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #ShorttermBombay Dyeing Stock trading in a channel and currently almost at bottom of channel With Immediate Resistance at 108 levels. Safe to buy if sustains above 108/110 for short term targets of 113/118/120 levels; which is another strong resistance levels. Can be book profit partially and hold further for 130-135 levels if stock strongly hold above 120 levels. ---- Note: Above levels are for education purposes only Do your own analysis before taking any trade Use a strict trailing stop loss. Please Like & Follow
NSE:BOMDYEINGLong
by Jordan_n-