Burger King is geeting a gd support from the demand zone now, as well as volumes are also increasing, making it bullish.
#positional
Buy Burger king at 148
Tgt: 172, 193, 210+
Sl: 132
Time frame: 1-2 months
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...
Buy above 184 for 2,7,15+++
Sell below 178 for 2,7,15+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
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...
