Now the stock may start moving. Entered zone of influence after prolonged bearish move. Support is now at 127, target in intermediate term is 196
BOMDYEING trade ideas
In the accumulation zonepricewise correction probably done, but timewise correction is yet to be complete.
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.
Bombay Dyeing Bounce Uptrend Trade Entered on 30 July 18 on 246.60 with a stop loss at 231.50
TSL update on 10 August 18 from 231.50 to 246.00
TSL update on 20 August 18 from 246.00 to 246.15
Current Trailing Stop loss = 246.15
In case of hitting stop loss, only 0.45 points loss
Looks like a trend reversalA good morning star at the bottom , it has broken the highest high of the candle of morning star pattern today.
also there is Bullish divergence in RSI and MFI.
there is 200 DMA around 233 levels , 20 DMA around 226-227 and a good resistance at 238-240 levels keep an eye on this. i traded the morning star bought at 228.90 .
Expert comments are always welcome and appreciated thanks :)
RSI Divergence - We saw an RSI Divergence during the 2nd week of May.
And the prices are breaking all the supports ever since.
All the other info is marked on the chart.
I would prefer to stay away from this stock until a strong bullish confirmation is received.
at supportBombaydyeing today crossed lomng term support level but at end managed to close near support level ,,now reversal may be seen
BOMDYEING: Positional super swing tradeBuy BOMDYEING at 310
SL 290
Tgt 350-375-400
Time 5 to 10 days
Go for it, This will perform even if index doesn't
Buy BOMDYEING above 280 with short term target of 320 and SL of The stock tested highs of 301 in late 2017 and has not made any major headway since then. It is moving in a broad trading range over last couple of weeks. A rounding bottom formation is observed within a large symmetrical triangle. Such formations have larger possibilities of getting resolved with a breakout on the upside. The prices have closed above the upper Bollinger bands on the Daily Charts. Though short term pullback inside the bands is likely but on a broader note, upward momentum may continue. RSI is seen breaking out of a formation and has marked a fresh 14-period high which is bullish.
BOMBAY DYEING : MID Term Bullish, At Price Action Area BearishLooking for only Mid term bullish & At price action area book profit and might be possible sharp profit booking will start.
Positional Levels are:
212 224 237 254 277 306 321 342 383
Cheers!
Bombay Dyeing - Bull run reinitiated.BOMDYEING - has hit an all time high with huge volumes and comprehensive Flag Breakout, Go long in this counter for targets mentioned on chart.
This is just my personal view, Please do your own research before taking postion .. Please hit like button if you like it.
Taking chance in Bombay Dyeing @ CMP 176Will like to take chance in Bombay Dyeing at CMP @ 176, and add on dips upto 170 for target 200. Keeping SL 157
Multi-year breakout on bombay dyeinga range breakout from 2013..4 tops setup
turnaround story in the company? or organised retail consumption play.
Bombay Dyeing: Nice ConsolidationPrice is in a consolidation (magenta lines) which in turn is within a bigger consolidation (marked by red lines).
Will the price have strength to hit the upper red line? Your guess is as good as mine...
Bombay Dyeing Breaks Above Consolidation (Bullish)Today, the price action breaks out from the flat consolidation with high volume indication buyers comeback and a beginning of new bullish wave.
Target: 60
Stoploss: 48.50
Duration: 3-5 days
