Cup And HandleHi Guys,
Seeing a multi day pattern Cup and Handle in BAYCERCROP looks good below the marked line.
Regards
Vibhu
BAYERCROP trade ideas
NSE:BAYERCROPDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
BAYER CROPSCIENCESimilar to Dhanuka Agritech - BAYER has broken the trendline, It is at bottom of CUP formation, this will zoom past 6000 levels in another 2 months. It is leading brand in Agritech Sector. GO FOR IT.
#BAYERCROP RETESTLONGS TO BE INITIATED AROUND 4900 LEVELS WITH CLOSING BASIS SL OF 4800 ZONE AND TGTS FOR ATH (fundamentally strong too so can take it as techno-funda)
RSI Divergence in BayerShould consolidate nr 200EMA and give positive returns.
Lets see how it turns out..
Buy above 5400
SL 5000
Bayers Corp- A parallel Channel In this chart we can clearly see that this stock is moving in a channel and right now it is at the lowest level of the channel.
I have marked with Flags about the touches it already made.
Right now it is consolidating at lower levels and has stopped making new lows so expecting it to go back on the upside.
Best part of this chart is if we go for the long side we can expect target of 6350 with very minimal stop loss of 5150.
Lets calculate the risk to reward ratio:-
Risk-400
Reward-800
So potential of 1:2 ,sounds good to me.
Some people wanted an example of buying at support and what to look before entering into a trade so here it is.
Keep an eye folks and Happy Trading. Cheers.
BAYERCROP TARGET UPDATE 19-10-2020Look fresh in range 5400-5600 for upside 7000-8000 med to long term with SL 4990..
BAYERCROP LOOKING FORWARD FOR BREAKOUT IN COMING SESSION\BAYERCROP TRAING NEAR ITS RESISTANCE, LOOKING AT THE MOMENTUM AND THE VOL BREAKOUT MAY POSSIBLE IN COMING SESSION.
BUYING LEVEL IS MARKED.
Conditional buy above daily close of 6450 for target of 20%1. Stock has absorbed all the selling pressure near previous resistance
2. Huge volume + Verge of breakout of 52week high
Extremely bullish chart 6100 level is likely to be recouped immediately and then target will be around 7800.
Bayer Crop | BUYBayer Cropscience hit fresh lifetime high last week and is trading above a strong support band. After a minor correction, the stock bounced from ₹5,900-mark. It is likely to move up further and hit higher highs.
LONG Daily Swing Call // 14th Aug 2020 // BAYERCROP // Call for Friday August 14th 2020 // This is a swing trade call and not an intra-day trade //
NSE:BAYERCROP
NSE: BAYERCROP
CMP / LTP: 6057.3
IDEAL BUYING RANGE*: 5950-6200
TARGET: 7270 (20% Around)
STOP LOSS: 5450 (10-12 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u don't want an aggressive trade, you can wai
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)t for a "possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit can be maximized.
- This is a swing trade call and not an intra-day trade
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
bought at 5630, adding more on strengthup 120% in three months. shallow pullback of 14%. up days vol higher than down days, constructive. hovering around rising 50dma. fundamentals strong
BAYERCROP pullbackPrevious support turned resistance. Bayercrop correcting on low volumes rebounded, giving a good entry point.
