Bosch Double BottomBosch Double Bottom
Long above 19500 with 18725 as SL
T1 - 19627
T2 - 20117
T3 - 20514
T4 - 20911
BOSCHLTD trade ideas
In the Process of Trend ReversalThe Stock Corrected From 25000 to 18830 level. Now stock is trying to change the Trend. Accumulate every dip upto 18800. Target Levels are 21000, 23000 and 25000.
BOSCH - Trend reversalBOSCH has retraced to 61.8% and came back to 50% and 38%. Now the stock is testing 50% level forming higher high and higher low.
RSI and STOCH indicates bullishness from oversold region.
Trade as per the set up in chart with SL.
Long Entry - 21400 SL 23900
T1 - 21600
T2 - 21900
T3 - 22270
Buy with small sl 20900 Target 22700/23600 cmp 21112Buy with small sl 20900
Target 22700/23600
cmp 21112
Up Coming Possible Trade Set UpI am looking this stock is about to complete its 5th wave in Weekly chart and after the correction i am expecting stock to start new impulsive wave
Although i am not an Elliott wave trader , but i have made a small efforts in placing the tool using form charting software
In my view the stock will bounce form the projected reversal price , I will be looking possible reversal sign in 4 Hour Candle charts to Enter the trade
Lets see how it unfolds
Regards
Buy Bosch Ltd. Tgt: 27500Bosch as seen on daily chart, is on the verge of a breakout from the ascending triangle patter. Target: 27500
bosch- preapred for a big run?bosch as trend indicates ready for a breakout for 26000, 27000
previous post
Symmetrical triangle in Bosch since 03/2015Bosch has been forming a symmetrical triangle since 03/2015 . According to me it is running the last E wave of that triangle . (Caveat the Two dark blue lines are the points if invalidation and tad above/below them should be used for stop loss depending upon the position taken as then the triangle will become invalid)
1. Wave C = 0.618 A in this triangle (not shown here)
2. So we can expect wave E = 0.618 C and should end at 19700 .
3. Post triangle thrust . Extend AC line and draw a perpendicular from the start of wave A . shown here . The price difference is abt 14200 . Add this figure to the end of wave E . In this case 19700 + 14200 = 33,900 which shall give the end if primary wave 5 .
Post triangle thrusts are very swift in nature and may also extend.
So those who are holding Bosch can expect this target in a few months . We will see the structure of wave 5 to see exact targets.
4. All waves within the triangle are 123 structures . In this case complex correction in wxy form .
5. Triangles in form on their own in wave 4 potions only .
Reversal Candle may continue. It is too early to predict, still there is hammer on support line so one can expect the change in direction.
One can buy above 23100 and can go long for 23200 & 23300. SL 23080.
Else can be shorted below 23080 for target 22850 SL - 23100.
BoschMoving in an ascending channel . Long at 23235 tgt 24762 SL 22585
Disclaimer: I am a novice at charting and this chart is only for educational purpose. Views and opinions are welcome
Bosch - Potential topside breakout candidate.The stock has been resisting since a long time to break the 23600-23750 levels. Looks like a potential breakout candidate.
NSE : BOSCH LTD CUP & SAUCER PATTERN FORMATION NSE : BOSCH LTD closed @ 23,485 C&S pattern is marked on the charts and it is EMA 21 is trading very closely from recent past Bosch Ltd failed make higher highs in recent days near resistance lot rejections bar are seen in the charts, Traders can go short, Plan your position 2 times shorting @ Current market price, 2nd entry is when it breaks EMA21 and survives below with volume add some more position, Manage your stop loss above the recent highs.
Disclaimer
RECOMMENDATIONS OF THESE CHARTS ARE POSTED FOR EDUCATIONAL
PURPOSE ONLY. ONE HAS MAKE HIS OWN RESEARCH BEFORE INVESTING ON THIS IDEA.
BOSCHLTD NEAR THE TRIANGLE RESISTANCE!!!MARKET ANALYSIS: The pair has nearly reached the triangle resistance zone. If the resistance zone holds we can expect a downward moment towards the next possible support level of the triangle. Lets wait and see what the market does in the coming days, Cheers!
BOSCHLTD - BreakoutBosch Ltd. is on the verge of a breakout.
RSI (14) has already broken out of falling Trend line.
Volumes are also above average.
Price seems to be heading to previous highs.
Target 1: 24000
Target 2: 25500
Stoploss: 22800
bosch ltd trading narrow trending moves aheadafter a sharp run stock is taking a breather and trading narrow soon uptrend might resume
