#BOMDYEING#BOMDYEING is a buy. The stock is nearing a resistance and might break out in the coming days. Playing with tight SL to maximise returns
BOMDYEING trade ideas
Bombay Dyeing - Breakout CandidateHighest 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 highs.
SL for a fresh entry would be below 160. If holding then continue to hold because this co could show a lot of strength esp if they can announce the launch of new projects soon.
The rally in Bombay Dyeing could halt post resultsThe 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 the counter. The stock can just take a U turn from here.
Bombay Dyeing - Ripe to breakoutOne 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 stock could see a new 52 week high and then move even higher..
technically it'd be a wedge breakout and could lead to some momentum.
For short term trades SL below 150 and for people with a longer view below 139.
BOMDYEING- Rounding Bottom PatternBreakout 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 consolidation between the recent range 140 to 90 levels
#TechnicalAnalysiswithMrChartist
Will history repeat itself?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 purely educational as we are yet to see how price behaves when it reaches this zone. Just keep this set-up on Radar!
Learn & Earn,
Dr. Tanya Kumar
BOMDYEINGBOMDYEING:- 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 to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BOMBAY DYEING |. Long | Short TermBOMBAY DYEING
Entry : ~ 96/97
SL : ~ 90
TGT : 103 / 113 /120
Education Purpose Only
Exciting Bullish Pattern Alert!!📉 Alert! Bullish Pattern Spotted! 🐻
📊 Pattern: Rising Channel Breakout
📌 Symbol/Asset: Bombay Dyeing
🔍 Description: If sustain above breakout point, seems good upside potential.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
BOMDYEINGBuy: Next open price
Sell: Will review every weekend and update here
Stop Loss: No need. Will review every weekend
VIEW ON BOMBAY DYEINGGood chart
Made a base around 50 levels and a good up move from that.
Target 97/100
Stop loss 89
I am just representing my views.
For educational purpose only.
BOMDYEING in Bullish Wolfe WaveBOMDYEING in Bullish Wolfe Wave. It can be bought with a SL of 79 for the target of 94.80 and 108.80. The Directional movement on the downside seems exhausted and a reversal is expected.
( It should also be noted that the result date is 4th Nov 2022, the uncertainty remains high so please put a strict SL)
CHART & ANALYSIS
-- ADARSH DEY
BOMDYEING LOOKING GOODNot Sebi Reg
Its My Personal View Before Trade Take Advise From Ur Advisor
Any Profit Loss Me Not Resposible
Watchout for range breakoutThe stock is moving in a range and can give a good move on a closing above 109. Keep this setup on radar - once closes above 109 can give positional target of 120.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
BombayDyeing Daily looking bullishBombayDyeing daily uptrend continuation from buying zone , daily candle having 200 ema support.
Good to buy at 103 levels for target of selling zone i.e. 137 with sl of 88
YR 2022 Idea #92: Long on BOMDYEINGThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #ShorttermBombay Dyeing
Stock trading in a channel and currently almost at bottom of channel
With Immediate Resistance at 108 levels.
Safe to buy if sustains above 108/110 for short term targets of 113/118/120 levels; which is another strong resistance levels.
Can be book profit partially and hold further for 130-135 levels if stock strongly hold above 120 levels.
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
Please Like & Follow
Possible swing tradeThe stock has been constantly making higher lows and respecting it's 3-year-old support lower trendline.
Buy above 109 level (both intraday and positional) - for positional on day closing basis for further upmove. Possible targets 113, 115, 118 and 120
Disclaimer - This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Learn & Earn,
Dr. Tanya Kumar
Bombay Dyeing And MFG - Bullish Date - 23/04/2022
Bombay Dyeing And MFG - Bullish
It is taking support at 100 EMA for long time, now it has formed a big engulfing candle. Thus, there is probability of moving upward.
CMP - 118
TGT - 138, 160, 178
SL - 92
Bombay DyeingQuestion on Bombay Dyeing
Stock is trading in a rising channel post a down trend. Kind of consolidating
If bought hold with SL of 84 on CLBS
If not Avoid or buy only dips till 100 if you get.
Trending moves may come only once breaks out of channel.
