BBL trade ideas
Bharat Bijlee Positional View !!BBL : cmp: 1489.25
A bullish engulfing kind of pattern has been formed in Daily chart.
Tading near the multiyear BO zone of 1488 - 1530. if it surpass and sustains above the level, a
buying movement could be possible in the near term.
Close above previous high.
RSI & MFI trending up.
Accumulation zone : 1388-1440
Profit booking zone may be 1645-1779
SL 1368 Dclbs /According to ur risk apetite.
Positionally can move 2032+
Sl 1292 Dclbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Triangle or Flag pattern breakoutTriangle or Flag pattern breakout, above all DMAs, Breakout and retrace on hourly.
Flag pattern near all time highFlag pattern near all time high. Volatility contraction is going on good once price start catching momentum
Bharat Bijli..shock lagaquite ambitious....viewer might get shock after seeing such target...but i feel bijli can make it possible..idea for educational purpose only...
Bharat bijlee#chartkuchkehtahai #tradethechart #longterminvestment #ShortTermTrade
Stock: Bharat bijlee Ltd
CMP: 1962
Target: 2400/2900
Stop loss: 1650(WCB).
Note: Educational post, pls do your own research before investing
Bharat Bijle Price & Volume contracting.Stock has narrowing down candle by candle.
There is price as well as volume contraction.
This price movement precedes a big move.
Stock is consolidating since 2009. Stock is on the verge of multiyear breakout. Stock is being accumulated as evident by volumes. check image below
Simple wedge pattern on daily time frame
For attempting a breakout trade place SL at 1175
BBL Mutliyear BO with Cup and Handle PatternAlso on the verge of 3 Year (Multi Year BREAKOUT)
Wait for monthly close above 1850.
Target 2400/3330 in mid term.
BBLBBL is into parallel channel one from 15 yrs and second 11 year. this month closing will give confirmation for up move
breakout candidate - bharat bijlee BBLon box pattern since 4 month
on symmetrical triangle pattern
buy - cmp / 1340
supporting indicator - triple moving average , macd , rsi
[SHORT TERM] BHARAT BIJLEEThe stock is closed near its previous high and looks good to buy for a 6-12% profit.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BBLVCP under process. Cheat entry can be made at 931 and can be added at 967 again. SL can be kept at 874.
WATCH for Retracements and Volume during retracementCCI crossed 0 and 100 on same day .. After a fake TEST for avaiable supplies A bullish marobozu struck through Supply Zone.
Bharat Bijlee - ShortBharat Bijlee has Double Top near 717 and Its has bearish candlestick patterns with inverted hammer and Three black crows.
He the script is good to short if goes below : 650.
SL - 720
Target 1 - 615
Target 2 - 580
Target 3 - 545
Disclaimer: Kindly do your own analysis before executing the trade
