Firstly this is a day prior to weekly close. The stock was in my IPO scan watchlist and i have been tracking this since a few weeks now. As you can see from the chart that the stock is in a down trend. While in a downtrend the volumes went dry and recently from last month i can see a stock forming a base ands volumes are showing up. I have already taken a pilot...
After long down movement it's time to reach altimate demand or you called ipo time demand where from sharp jump can made by price it's high probability. All things are marked on chart for educational purposes. Learn them and see how price react to these demand zones . Not a recommendation of buy or sell . Always try to analysis the chart share here. By like and...
Mutual Funds have increased holdings from 18.18% to 18.76% in Sep 2023 qtr.
FII/FPI have increased holdings from 17.97% to 18.06% in Sep 2023 qtr.
Annual Revenue rose 40.02%, in the last year to Rs 1,241.78 Crores. Its sector's average revenue growth for the last fiscal year was 50.99%.
Good zone to accumulate for targets of 850/900+
🟢1D charts indicate capitulation & volume explosion near 600
🟢Barbeque taken support near the IPO price of 552/592 levels
🟢It has given buy signal at 650.55 on VSA Momentum indicator.
🟢Add more on declines near 642.SL= 525 on week closing basis.
If sustained above 733 (current price), can be considered as a potential breakout.
Buy above 733, SL - 670
NOTE: Please maintain good Risk to Reward, as per your risk appetite.
BARBEQUE is breaking out of a 5 month ascending triangle. The breakout has to successfully cross the 200EMA which is directly on top of break out now. High volumes for last 3 days with high RSI.
As we are observing good consolidation on daily time frame chart after good up move with rising volume.. Cup and handle formation is creating on chart but we can take aggressive entry before pattern forms..
Entry and SL is marked on chart with target ( RR 1:6+ )
Above analysis is for study purpose only...
Megaphone Bullish Pattern seen in barbeque nation hospitality ltd.
It represents a battle between buyers and sellers, leading to peaks and troughs in price. When connecting these highs and lows, the megaphone pattern emerges.
Can we use a megaphone pattern for Day trading, scalping, and position trading?
Regarding the usability of the megaphone pattern for...
Barbeque Nation
Fundamentals : Avg, Improving. Last few quarters FII and DII position increased significantly
Technicals : Bullish, attempted Trendline breakout and closed above 21 EMA with heavy Volumes on daily chart, Hammer candle on Weekly Chart, good RR.
R1: 730
R2: 800
R3: 890++
SL: 590
Have been analysing this stock for a while and found it breaking out of shorter EMA and showing signals of reversal. I am taking a long position for testing my hypothesis @ 743 with minimum capital as it is just testing. I would like to hold my position until a strong breakdown if market crash happens. My Idea is not a financial advise but just a simple analysis...
Positional call
Cmp 1137
SL 1030
Target 1450
Risk reward ratio 8.72
# Trend Analysis
NOTE ( Today on 26th Aug 2022 in economic times IDBI capital broker gave a target of 1457 for barbeque Nation )
Cannot post link of the article due to technical difficulties
Check news section on economictimes.indiatimes.com to see the article.
