Bayer Crop Sciences has had a trend reversal on the upside as indicated by the trend line breakout. Buy for the target of 6600 in a period of 3 months. Keep a stop loss at 5600.
According to day chart anylasis its given strong breakout with increasing volume with bullish candlestick so we can buy it
Buy @cmp 4788 or above for target 4870 +++ best buy for breakout stocks.
Price Action Analysis.
On the larger picture , it is a flag breakout after which it has consolidated for a while.
Usually such breakouts are full of steam. Let us see.
BayerCrop NSE:BAYERCROP has given a breakout...
Yellow lines mark the next resistances.
For Educational purposes only.
More about me:
I am an investor for 4 years now. I used to do most of the analysis based on Macro-Economic factors for the last 4 years.
Seeing the recent changes in the market sentiments and habits of new retail investors compelled me to...
Bayercrop - Strong support on the horizontal line and the probability of Triangle pattern breakout
Chart time frame -1 day
Trade type -short term
Duration - 3 months
Entry - 4970
Target 1 - 5875
Target 2 - 6350+
Stoploss - 4750
Risk:Reward - 1:4
Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.
