BBTC - Descending Triangle near RTS ZoneHi Investors,
BBTC is making a nice Descending triangle near Resistance turned support zone. Above 1290 breakout, we can see a nice uptrend.
I hope you will benefit from this knowledge
-MetaVish
BBTC trade ideas
BBTCBBTC : CMP 1319
#CUPHANDPATTERN
POSITIONAL PICK 💚💚💚
Buy for Target 1420-1480++
Stop loss 1245
#BOTTOM LEVEL STOCK
Some setup are to good to tradeTaken Support at RSI 50, Multiple type of breakout could be visualised. I think this script will give at least 20% within fortnight
SWING TRADE BBTCBUY BBTC IN DIPS NOW 1257 SL 1160 TARGET 1490 1500
Over the last 5 years, revenue has grown at a yearly rate of 7.72%, vs industry avg of 4.88%
Over the last 5 years, market share increased from 37.99% to 43.42%
Over the last 5 years, net income has grown at a yearly rate of 10.89%, vs industry avg of 5.8%
BBTC 1D chart please enter the trade once u get a proper breakout or reversal from the levels, kindly support my views
NSE:BBTCDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
#BBTC looks good for 50-60% medium term returns!NSE:BBTC
Structure looks quite appealing.
- Up move has rising volume with the corrective arm having below average volume per say. It looks more like a Bullish Wedge pattern in making.
- The potential support region is placed around 1160-1171 with multiple confluences converging i.e. 200 EMA along with 38.2% Fibonacci level.
- The recent up move blast has rested enough to continue the next leg it seems. We may target the All time high which is an important supply
area as well for good 50-60% return in the medium term.
** Price action around the support can be watched or wait for the upper trendline to break in order to enter with proper risk management and SL below the swing low.
Disclaimer: This is just for educational purpose. Investment/Trading carries its own risk of permanent capital erosion and mental drawdown as well. Do consult your financial advisor before getting into any positions.
P.S - Likes will be appreciated as well as your insights in the comment section as well. Thank you.
BBTCDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
