keep eye on it if wish to observe long side for long term only..
closing basis resistance line ..
may be accumulative stock as indicator weekly daily overbought area
but risky
decide on ur own.
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
Bosch has finally given a close and hold above the neckline of the inverse head and shoulder with impressive volumes.
Buy and hold for the coming months with targets of about 40-50%.
NSE:BOSCHLTD
6 year TL broken
healthy retracement at support level
buy on dips will be best strategy
#the_pravin #simPlepriceaction #notoindicator #nakedchart #swingtrading
if tomo gave confirmation GO LONG
huge vol
at IMP cip level
20 SMA band support
RSI support at 60 daily TF
very small vol in red cndles
confidence level 4.5/5
Bosch the stock price has been giving negative trends on long term perspective, Now the trend has changed the 52-week breakout fascinate the upside potential
The trade can be considered for a short to the medium time period the immediate support is at17365, below which our stop loss can be fixed
Levels as mentioned on the chart with probable Price Action to follow....PATTERN: INVERSE HEAD & SHOULDER
Be Proactive Trader
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Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
NSE:BOSCHLTD
Hello all!
Bosch has been stuck inside a channel since March 2015. It has now finally given a multi-year breakout on a weekly timeframe with explosive volumes. This I believe is a great opportunity for a positional long.
Apart from the pure price action, I have multiple other reasons for going long:
1) Support from both 50 week and 200 week EMA....
A very high trade risk setup but surely good. The stock has seen amazing volume today probably a big buy and should see the multi year breakout done . Risk Reward 1:1. Possible stock should take the upper side of shadow of one of the earlier candles. Possibly 17200-17700 here on technical evaluation. Sl for me would be around 16400 ( 15 mins candle should close below it)
![BOSCHLTD: [ INTRADAY ] BOSCHLTD LONG BET](https://s3.tradingview.com/w/wPsM98SZ_mid.png "[ INTRADAY ] BOSCHLTD LONG BET")
