BASF - Price and Trend SetupBASF is on continuous uptrend with strong buying momentum as compared to index. Entry can be made around highlighted support zone.
BASF trade ideas
BASF RETRACEMENT COMPLETED ON WEEKLY CHARTS READY FOR FRESH MOVEBASF RETRACEMENT COMPLETED ON WEEKLY CHARTS READY FOR FRESH MOVE
BASF SHORT TERM BREAKOUTBREAKOUT ABOVE 2780. GOOD TO HOLD FOR 3000+.
LONG TERM HOLDING IS PREFERRED FOR A TARGET OF 3800+
CHECK THE FUNDAMENTALS IN THE LINK GIVEN BELOW
BASF"NSE:BASF CMP: 3399.95
Good Risk reward of 1.07
Buy above : 3413
Stop loss: 2838
Return of 18.08% expected
Pattern:
All levels are mentioned on the chart. Keep an eye."
BASF✅High Piotroski Score
✅High TTM EPS Growth
✅Effectively using Capital to generate Profits
✅Zero Promoter Pledge
✅Company with 0 DEBT.
❌Growing cost YOY for long term Projects
❌Decline in net profit (QOQ)
BASF - ATH Closing Stock has a tendency to form rounding bottom and give BO after consolidating for couple of weeks.
Once can see drying of volumes during consolidation phase
Risen from the golden Fibo level of 61.8% in May
Today stock has given ATH closing
Stock seems set to make another high in coming sessions, targetting 8-9% move
Long On BASFNSE:BASF
BASF has given a breakout in a cup and handle pattern. Retracement is also completed after the breakout. Now the price is building up in a flag pattern. After forming a bullish candle, one can think for LONG on BASF.
Note: This is only for educational purposes and do your own research before investing.
Few examples of CUP pattern breakouts are Dr.Reddy, Cadillahc etc.
BASF India - 2wk Wedge Breakout on 4yr Resistance lineTested the breakout area twice on weekly chart as well.
SL: Below BO candle
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
Note: I reserve the right to be wrong.
For educational purposes only.
Birla Soft - Cup and Handle Breakout Pattern- Fundamentally good stock
- Cup and Handle pattern breakout
- Entry can be made at 2500 if the stock shows bullishness with volumes
- Handle breakout supported by volumes
Buy BASF for multibagger returnMy idea is for educational purpose.
Buy BASF @2120 till 1950 for the 10% gain. After 2370 it will fly. It will give 2x-3x return in 1-2 years.
BASF IndiaBASF india is on a Weekly breakout it is close above 2275 It has the capacity to go up to 2375 or more.
Disclaimer: The analysis is only for educational purposes.
