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burger king is consolidating in a symmetrical triangle pattern, we can see a good breakout in this share in upcoming days for the target of 123, 250, 300. we can imitate buying in this share at this place because of trendline support and range support. stop loss is 140 thanks
near CUP and handle formation, wait for the confirmation. have an eye on this.! For learning purpose only!
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
with tgt and sl market entry price will be after a retest! A confident breakout is when it retests the previous resistance zone as its (now) support zone.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
BURGER/BNB BUY1 : 0.01630(CMP) BUY2: 0.01530(CMP) BUY2: 0.01430(CMP) TARGET1: 0.02530 TARGET2: 0.03530 TARGET3: 0.04530 TARGET4: 0.05530
If the price comes back to 135.15, then take a short to 115.20. From 115.20 take a buy and hold till all the way up to 213.80 with a trailing stop loss.
Burger King is on the roller coaster ride since it's IPO listing. It met our Target of 200. went till 219 and now trading at 157 with consecutive two lower circuits. As we have very fewer historic data to analyze the technicals...We can focus more on psychological levels here. 130 to 145 is the 1st level of buying zone where stocks will be transferred from...
IPO was 156times oversubscribed. Retailers have a 15% stake in Burger king. Weak Investors will book profits while FIIS and DIIs will increase stake in Burger King. Sectors have great potential to grow. BK is itself a big brand. If financials are taken care off, we should expect this script to grow at least 3-4 times in short duration. However, as of now, I am...