BECTORFOOD trade ideas
DOUBLE TOP FOR BECTOR FOOD- POSSIBILITY OF SHORT TERM REVERSALBECTORFOOD has fallen to a low of 328 in March 2021 and has been Bullish since then. It has reached a High of 445 in June and has retraced from the resistance zone at 442-452 range to a low of 395.
Now it has reached the resistance zone again and has made a Bearish Pin Bar that is half of the Evening Star Candle Stick Pattern. There is also a Bearish Divergence. So short term the pattern is bearish.
To go long we have to wait for break of the resistance zone at 442-452 range and wait for a retest and can go long on a confirmation Bullish Candle for Targets of 502.
BECTORFOOD is giving the sign of reversalInverted head and shoulder pattern signaling the reversal of the trend.
Keep tracking!
Keep supporting! Keep earning!
Trendline BO | MRS. BECTOR FOODS 🍪BECTORFOOD Daily: Looks good for more upside at CMP
1) Trendline Breakout
2) Manufacturer of non-glucose biscuits
3) Recently IPOed
Cup and handle in progress.buy above 452 for swing and intraday both
for swing just make sure it sustain above 452 level.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Long On BECTORFOODNSE:BECTORFOOD
Why long?
1. It is following the General IPO pattern and also below trend reversal patterns giving extra support for going long.
2. Invert HS pattern
3. Morning star pattern formation
4. Good RR
Note: : This is only for educational purposes and do your analysis before investing.
buy bector food with stop loss 394 target expcted 450++buy bector food with stop loss 394 target expcted 450++
MRS BECTORS food to take long entryWe have seen good opportunity & high probability Pre Bo trade to bounce back this stock . Buy between the range of 408-415 with the SL of 395 Target 450-475. Good risk to reward trade. Stock at the consolidation level since some time.
BECTORFOOD: Near Breakout
5.5 month VCP Pattern formed
Volatility contracting from left to right
IPO base formed
Buy Range: 436-458
Sl: 8% max
Target: 40%
Note: Not a SEBI Registered analyst.
Take the trades at your own discretion.
Fundamental, technically goodBuy at cmp 420 it will fly like a rocket in upcoming session
Target 600 next 2 month
INVERTED HEAD AND SHOULDERThis stock is on the verge of forming inverted head and shoulder. One may watch small dip and big up move.
MRS BECTOR'S FOOD CROSSING RESISTANCE ZONEIF SUSTAINS ABOVE 425 THEN CAN SEE 460/490/540 IN THE NEAR TERM. WATCH OUT.
