bosch ltd weekly analysis part-1as 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 the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
good luck
BOSCHLTD
BOSCH limited | big volume |30 % profit 🎈NSE:BOSCHLTD
Positional Trading opportunity ! Weekly Chart Alert !
Technical Reasons to trade :- 🧢
1> Big breakout
2> Huge volume breakout
3> trendline resistance mentioned
4> Retracement areas are shown through arrow
5> obvious support & resistance
6> RSI trend breakout
--CMP =13190
--Lot Size = 50
--Target = 17300 ( 30% )
--stoploss = 11175
--R:R = 2.2
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COMMENT Below your view !
Auto Sector - Ready for an upside ?Forming a flag patter, breakout might happen on upper side, look out for auto index cross 10900.
Stocks to watch out for if we see a bull run in auto stocks :
1) M&M
2) Escorts
3) Bosch
4) Ashok Leyland
I am particularly bullish on M&M.
Disclaimer : Bought M&M at 794
BOSCHLTD - Showing signs of decent breakout1. In 15m time frame the DMA's are in perfect order.
2. In 60m Time frame 10 and 20 and 50 DMA have just taken the right positions and the prices are have breached the pivot point
3. In daily time frame the DMA's might take a day or to to correct. SMA's also need to correct.
4. Monthly DMA's need correction
5. The prices are currently showing signs of breakout. Need to watch if the breakout will sustain tomorrow or collapse.
6. Considering the prices the breached the pivot and the 1st resistance, the current movement is confidence inspiring
7. Prices have retraced back from the lower BB in the daily time frame and crossed over the 20 DMA
8. Daily RSI levels are currently around 50 and shooting towards 70 (Hopefully in another day or two)
9. Their earnings are going to be posted tomorrow.
10. Entry at Current price - 15302
Target - 16149 ( 847)
Stoploss -15,278
11. Prices seem to have been consolidating for the last 74 days and it appears that it has now gained momentum to move towards the upper end of the sideways band
12. Entry 586.06
Target 596.28 (Rs 10.22)
Stop Loss :584.05 ( Rs 2.00)