In the Weekly Chart of BASF ,
we can see that, it has given Inverted Head & Shoulder breakout.
Let it retest the Trendline or enter on retest with Candles Low as SL.
Expected momentum is shown in chart.
In the Weekly Chart of BASF ,
we can see that, positive momentum is started .
Soon we will see a Inverted Head & Shoulder breakout in it.
Expected momentum is shown in chart.
BASF CMP 2373 dated 28-4-2023
Weekly Chart: Positional Call
1. Triangle Pattern formation
2. Making higher lows & taking support on trendline.
Buy Above 2395 for target 2450-2600-2660-2700 SL 2290
It is just a view, please trade at your own risk.
BASF Swing can be taken for following reasons :
1) Liquidity has swept off
2) Weekly and Daily Timeframe has tested demand
3) 4HR is has tested it's structure and has created bullish price action
#BASF
WEEKLY
• Previous resistance is now working as support
• Consolidating near support zone from last 3 months
• Volumes are dry during this time period
• Looking stong if sustain above the level
• If sustain above the level then buy near 2500 (Don't buy immediately after breakout let the price sustain)
• Target 2800/3030
• There's a trendline resistance also...
BASF is consolidating near a strong support. We can see a higher low, higher formation with daily RSI over 60 which indicates that a breakout might happen soon.
Stock might face resistance at 2650 and 2800 levels.
Kindly trade as per your own analysis since this idea is shared only for educational purpose.
BASF:- Rounding bottom pattern is formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know...
BASF:- If we see carefully then triple bottom pattern is formed, if it gives breakout then we can see upside move.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas...
BASF - Short Term :Bulls appeared to take control at the support zone , up trend as long as it sustains above 2550 on closing basis. Potential targets - 3000
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
