BGRENERGY trade ideas
BGRENERGY TRIANGLE BREAKOUTI am a new trader and trying to interpret charts. if any experts on the forum please let me know if this correct. Please let me know your views.
Breakout with volumes.
Cheers!
BGR Energy- Post crash weekly closing high and triangle breakoutBGR energy broke out of a 10 month long consolidation/sideways move and closed at a fresh weekly closing high. This is its highest weekly closing since June 2019.
The chart also shows a clear symmetrical triangle breakout this week. The move is supported by decent volumes and will most likely hold up going forward.
The obvious target for BGR energy is the 65-66 level as it was a major resistance area for the stock in 2019. Additionally, the 200 week SMA is also currently at the same level (65.82). If/when the stock closes above 65-66 levels on a weekly basis, we can expect a much bigger upmove going forward with targets of 82 and beyond.
Longs can be held with a WCB SL of 49.8.
BGRENERGY ,1w 30% gain possible, BGRENERGY is near to resistance in its UPTREND parallel CHANNEL. If broken, an upward movement will be seen and may get 30% ROI. in the coming weeks.
As it will also complete the CUP & HANDLE PATTERN after giving 30% and new breakout can be seen in the future.
All levels are marked on the chart itself.
ALL ANALYSIS ARE FOR EDUCATIONAL PURPOSES ONLY.
BGRENERGY - will it show power ?14 week consolidation.
One red flag is - prior trend is lagging.
Forming a cup.
Not is 2nd stage.
Pocket pivot off 50 DMA.
Volume lookout is good.
TGT - 60-65 min.
BGR ENERGY SYSTEMS LTD- Symetrical Triangle Broke downwardsSymetrical Traingle is breaking down.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
bought bgr energy today! quaterly results were good!in very short term 71.5 is my target, if that is crossed then 90ish level might be seen
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
looking very good for 95, 72 is the resistance to b crossed59.8 is the stop loss!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
BGRENERGY: Take advantage of Pull-Back Rally.candle pattern: Inverted Hammer (bullish)
Volume increased as well as Price.
Best Entry Levels: @ 80.65 - 80
T+2 Tgts: @ 82.8 - 84.70 - 85.55 (for more follow FIB Tgts.)
Closing SL': @ 79-, TSL': @ 76-
Education purpose only.
Swing trade | SL 148 | Tgt 220Volume & Price Action suggests bottoming out formation, can be bought near cmp with SL 147-8 CB.
BGR Energy Systems- Positional BuyBGR Energy has been in strong uptrend forming a series of higher highs and higher lows. Last two days there has been good upmove again after some price and time retracement with good volumes. A important resistance zone was broken yesterday which is sign that bulls have regained control. The stock has formed a good rounding at the bottom ( Rounding Bottom),
Buy at CMP 180, sl 167 , Target 206, 230
Major uptrend in BGR EnergyBGR Energy, after forming a 2-year long triangular consolidation with base in a rectangular consolidation finally broke out above 152. It has now formed a flag pattern. Looks good for an entry
