Basml looks good for medium term players, stock trading in a wedge pattern might breakout in 2 or 3 days same will wait for breakout nd aggressive will buy at cmp
BASML Long
Filled gap of 1 June's gap down opening
Stock is ready to give breakout
Wait for a more positive closing
Buy above 94.5
SL- 89.5
Target- 106, 122
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
We have already shared BASML view few days earlier. Still, as considering today’s data and pattern, we have more bullish view on this counter.
Technically, making Inverse H&S pattern in longer time frame and a POLE & FLAG breakout in short time frame. Neckline may be breached in upcoming days and test previous swing high.
We have already shared BASML view few days earlier. Still, as considering today’s data and pattern, we have more bullish view on this counter.
Technically, making Inverse H&S pattern in longer time frame and a POLE & FLAG breakout in short time frame. Neckline may be breached in upcoming days and test previous swing high.
The stock observed volume of over 7% of the total outstanding shares in a single day indicating massive buying.
Bannari Amman Spinning Mills Limited, is a vertically integrated textile company engaged in the manufacture of cotton yarn, woven and knitted fabrics, finished garments, home textiles and wind power generation.
Bannari Amman Spinning Mills Ltd. engages in the manufacture and marketing of cotton yarn, woven and knitted fabrics, home textiles, knitted garments and processing of fabrics. Its division include spinning, weaving, knitting, processing, garments, home textile, windmills, products, and retail. The company was founded on July 10, 1989 and is headquartered in Coimbatore, India.
NSE
![BASML: [Basket] Bannari Fundamental Bet Corona Mask](https://s3.tradingview.com/v/Vp2h1phB_mid.png "[Basket] Bannari Fundamental Bet Corona Mask")
