BBTC is sitting at 50% Fibo on daily chart. There is long term breakout in monthly chart and is holding at previous support.
Has also created angle that supports long side. Technically it is good, even though fundamentally a poor company, my focus is only Technicals. Buy at 998, Target 1140, SL below nearest low.
Note - This post is intended only to provide...
NSE:BBTC has given a monthly level breakout and looks very strong in its momentum. A stop loss at 1190 can be marked and one should expect new ALL TIME HIGH in this counter in the coming months.
over the years it is forming a wave pattern that is seen frequently in the market before a blat in the upside.AND is coupled with technical confluences
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
BBTC Cmp 1055 dated 13-6-2023
1. Rectangle Consolidation BO @ 1050
2. Price Rise with Volume Rise
Buy above 1056 tgt 1075-1115-1150-1180-1215
1320 SL 950
It is just a view, please trade at your own risk.
BBTC (W), 1009 is looking good to breakout from weekly consolidation channel. BBTC just crossing 200 wema at 1025. Target 1250 to 1380 in medium term. Buy above 1030 is better. Invalid below 875 on weekly closing basis. Big weekly breakout with volumes happening.
Breakout from the weekly pattern.
PS: Do your own research
Please boost this idea if you find it helpful.
Drop in your doubts in the comment section.
Thank you.
BBTC:- The stock has formed a double bottom pattern, if it gives a breakout, a good move to the upside is expected. keep in radar
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check...
BBTC has been consolidating for a long time and trying to go higher. Let's see what happens in the coming days, but I think some smart money is buying the stock now. If we can buy here, we can make a good profit
Very good bullish setup formed in BBTC stock..
You can observe following points before going long..
1) Stocks break good resistance level with high volume..
2)After breakout price comes again to support level with low volume
3) After consolidating price again breaks consolidation area with good volume gives uptrend confirmation..
4) Again pullback action...
