NSE:BOSCHLTD is on the verge of a monthly breakout and the chart looks very strong. A little bit of nudge and the downward sloping line would be broken. This should end a long consolidation for the stock. Keep it on your radar. Breakouts like these can deliver enormous returns in just a few year's time.
Hello, fellow traders! Today, we're diving into an exciting breakout scenario with BOSCHLTD, a stock that has recently made a significant move, breaking free from its six-month-long consolidation phase. In this article, we’ll explore what this breakout means, how you can trade it, and most importantly, how you can secure your gains with a smart strategy.
i have shared a chart in which in which when ITC gives breakout of fallen horizontal trendline and which leads to all time high and same structure is forming in BOSCH can bosch leads to form new high. I am expecting this share can break all time high in upcoming months .
The scrip was trading below multi-year resistance trendline. The scrip gave a breakout from the trendline forming a large bullish candle on a weekly time frame. The Stock rose nearly 4 percent in last two days hitting a new 52W high.
Bosch is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
One can 'go long', after the stock...
Everything is given in chart you have to choose where you would like to buy.
Don't jump on breakout stocks to soon bcz some retest again and you will exit it by fear and den it goes up.
These are my best levels :
I hope you find it easy when actual stock should be bought.
When auto index at ATH
airbag theme play
Golden crossover many good factors
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
Bosch Ltd - 04.03.2022
The stock is trading @ 14731 levels
There is a SUPPORT Zone @ 14200 levels
There is a RESISTANCE Zone @ 16000 levels
The prices are below EMA
Let the prices go above 16200 for a trend reversal
One can initiate a buy position @ 14220 levels (Fib Retracement 61.8%)
Watch out for the price action
as we can see left pattern is bullish butterfly and it completed at green line and fell from it and it retraced till 0.618 level and bounced back two times as we can see with fibonacci lines and our bullish ab=cd pattern has been activated at point of abcd pattern with orange color and target for delivery based trade will be 21470.
Our most harmonic pattern hit...
Bosch has been stuck inside a channel since March 2015. It has now finally given a multi-year breakout on a weekly timeframe with explosive volumes. This I believe is a great opportunity for a positional long.
Apart from the pure price action, I have multiple other reasons for going long:
1) Support from both 50 week and 200 week EMA....