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 .
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.
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