BBTC is a very volatile stock which has shown many SL hunting moves in past.
The stock has given weekly breakout from symmetrical triangle and is looking good for big targets.
Levels are mentioned on chart. Trading in this stock has more risk than usual.
Idea shared only for educational purposes.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
On a Daily Time Frame stock is trading at a crucial breakout level of 1575. If the stock gives a breakout on monday and sustains above 1575 level can go for long position for Intraday. Target will be 1615. SL will be 1555. Enter in Long position only if the candle sustains above 1575 with multiple confirmations. There is also Positive Divergence. RSI levels are at...
BBTC , after taking strong support, near a 5 years old decending trendline breakout,
strong weekly closing.
If breaks trendline,
1st target - 1350
2nd target - 1550
stoploss - 829
p.s. BBTC is a holding company of "BRITANNIA"
Bombay Burmah (BBTC)
Simply pointing some point to study the BBTC chart.
1. Its forming ascending bullish triangle.
2. BBTC in uptrend
3. above 50 MA.
4. Risks & Rewards (2:1)
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
On the technical charts, the stock has given a breakout above the ₹1,300 zone and the indicates bullish candle pattern.
The stock with a series of higher bottom formation patterns visible on the daily chart in the past 5-6 months, has given a breakout above the ₹1,300 zone, picking up from the support level of ₹1,160 of the significant 50EMA zone, to indicate a...
BUY - BOMBAY BURMAH
CMP - Rs. 924
Target - 1: Rs. 1330
Target - 2: Rs. 1850
Target - 3: Rs. 2150
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Technicals -
Bullish Symmetrical Triangle nearing BO
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This is a view by an expert analyst, please trade at your own risk.
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Dear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:BBTC with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:BBTC
Holding Time Frame: 90 Days
Entry Point: 975-985
Stop Loss Point : 940
Target Point: 1080,1120,1160
I've...
