BASML : Swing Trade#BASML : #SwingTrade
>> TWS Recently
>> Inverse Head & Shoulder Pattern Visible
>> Trending setup
>> Good Strength & Volumes Buildup
>> Low Risk High Reward Trade
Swing Traders Book 10% and keep trailing
🚧 Only for Quick 8-10% , not to Hold Longer
🛑Fundamentally stock is not that Good, Stock Picked Purely on Technical Analysis....so can be a Risky Bet
Stock can show Quick 8-10-15% ka quick momentum then fall back
See Upside Potential is 18% so we can easily target 10%
BASML trade ideas
BASML Swing/BTSTBASML
Buy : 51
Target : 56
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Watchout for weekly resistance breakoutThe stock is testing it's strong support/resistance zone and can give a weekly/monthly breakout. Buy above 83.75 levels for positional targets of 95 and 105.
This is a positional Idea and one can take intraday trade as well. If the day candle closes below the trigger then I suggest not to carry your position.
Learn & Earn,
Dr. Tanya Kumar
BASML LONG VIEW MAINTAINEDWe 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.
BASML LONG VIEW MAINTAINEDWe 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.
BASML Flag & Pole BREAKOUT with MASSSIVE VOLUMEThe 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.