According to chart anylasis BODAL CHEMICAL give solid breakout and also closed above upper trandline. So we can buy it for future move. Buy 119 or above Target : 135-150++
BODAL CHEMICALS - ROUNDING BOTTOM FORMATION IN PROGRESS
BODALCHEM Keep in watch list for studies a bearish-to-bullish trend reversal H&S
CMP: 110.75 (Buy above 115.5). Target: 128 / 148 / 169 Stop Loss: 95(CB).
The rationale for entry is already told. Sharing another re-entry point as per technicals. It is still down from our initial investment. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't...
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Cup and handle pattern breakout in bodal chemicals... Target is 130 as per price range..
The stock is making a cup and handle pattern and looks good above 105.75 level
Bodal chem can show good move, If you trade on Breakout method then 81-84 lvl is good zone of resistance, if manages to give weekly closing above this zone with a good volume, can expect the good upside move and it'll be a perfect head and shoulder neckline breakout. This View of mine is irrespective of news and purely based on technical chart only. So trade wisely.
The stock looks good above 101 level for a target of 107
Bodal has broken a significant weekly trend line and expected to move higher with a stop loss at 77 Buy Bodal near 90 take profit level at 110. Buy @90 SL @ 77 Target @110
Amazing company at an amazing spot to buy. Buy it right away and hold it for 6 months. #Good_Gains_Incoming If you like my posts then do like and follow. Thanks :)
Details given in the chart
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
CMP Buy at 89.5 T1: 109 T2: 121
buy above 94.50 can add in dips till 88 currently consolidating in a range after breakout