BASF has formed a good base around 940 and with psotitive diverging RSI rising its a good bet to buy at cmp and add on dips.
this can be a good long term investment also
first target 1180 . can come in very quickly
and midterm target 1380 1400
BASF chart shows Bullish Divergence on 1D and 4H. Price are currently at Support level so this kind of setup demands for a small bounce from here.
For Long term, More down side Possible.
After 3 failed break out attempts from 1390 region. the stock has finally given a very good break. Keeping a SL of 1332 on closing basis, BASF is expected to do good in the short to medium term
