There is a strong breakout from flag pattern on daily charts today. Volumes of 2X can be seen on the breakout. One more thing to watch out is that today price has crossed 50DEMA and shall be closing above the DEMA . Try to enter between 12300-12400 for targets of 13100/13350/13700. SL will be low of the breakout candle on hourly chart i.e. 12100 Risk/Reward:...
Available after good retracement with a good bullish candle.
Entry, Exit & SL Given In The Chart, Please See It.
AS WE CAN SEE BOSCH IS FALLING BUT ITS RSI IS MOVING UP. IT MAY GIVE REVERSAL ANYTIME! AND CAN TOUCH 15000
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BOSCH LTD - Bearish setup DAILY chart analysis Harmonics Pattern Hope my Chart Helps !!!!
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Note: This is for educational purpose only. After breakout of BOSCH, there was a consolidation phase. There is a bullish inverted hammer on resistance turned support. Moreover, this is supported by good volume along with RSI above 60 which further indicates bullish momentum.
Only for Educational Purpose, Not Suggested for live trading.
BOSCH LTD IS BREAK TRIANGLE PATTERN SO YOU CAN ADD IN YOUR BUY WATCHLIST.
Observe the resistance and trend line carefully before entering the trade.
Clear downfall, some divergence also present, entry below the last down fractal.
Buy Bosch Ltd below 14900 stop loss 14200 (hourly closing) target 16300-16600 It is trading in perfect downward sloping parallel channel. 26 week RSI has shown upside cross over. Daily RSI and MACD are showing positive momentum to continue for some more time. Logg scale resistance of falling trend line is at 16200-16400. We are bullish only for very short term...
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