BomDyeing made a strong HigherHigh in Monthly Timeframe.
Pure Buy on Dips.
Buy on Proper Dips maintaining Proper Money Management.
Do your own Analysis before any trade.
The stock coming out of a downtrend, it rallied without any consolidation since then. It went in a base formation of 18Weeks and range of 28% it has broke on decent volumes.
Stock sailing above its key moving averages.
155-164 zone shall now act as good support and a weekly close with follow through will invalidate our view.
197 - 205 - 213 - 270 - 321 are...
-trading near resistance with high volume
-strong closing with engulfing candle
-rsi & adx showing strength in upside momentum
-keep in radar above 170 it can give decent profit
BOMBAY DYEING:- Ascending Triangle
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Highest weekly close on the weeklies since the news of the sale of land broke.
There is a chance it gets follow thru and breaks out above 169..
There is a key level around 176 but once that gets taken out (which i think will happen) the next level is 200+. THere is a gap to fill above 205 upto 217 and if and when that gets taken out we can look for new all time...
The stock will come out with its quarterly results tom. The rally has halted at the 50% Fib retracement of the entire swing. The oscillators have reached overbought zone. There is divergence on Daily charts at this imp resistance. It made a big candle around the recent highs of 174 with huge volumes on the daily charts. This is an indication of retail entering...
One of the stocks that was in the news and since pulled back and could be ready for a new breakout..
If the stock follows this channel the time based correction is over too and it could start the move up from the channel bottom.
Long above 160 with a much higher target. There has been a lot of resistance in teh 156-158 zone and once that supply gets taken out the...
Breakout Chart
NSE:BOMDYEING 131.5
1. Long Consolidation between the strong rectangle pattern with time frame of 5 Years
2. Breakout at 140 level in the chart
3. If price is able to break the 140 level we will have strong breakout and this will lead price towards the 200-240++ levels
4. If price is not able to break the resistance level we can see some more...
Bombay Dyeing has a very strong support line (purple) from where the price always bounces back.
The blue line (140.5) is a strong resistance zone. In 2017 the stock gave a good monthly trendline Breakout.
Now same price action is repeating itself in 2023 with a monthly trendline formation. Price will move fast in either direction from the zone.
This idea is...
BOMDYEING:- Breakout is going to give after 4 years, wait for breakout and plan something only after that.
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 my other ideas to get...
