BOMDYEING trade ideas
BOMBAY DYEING LONGBreakout on daily charts with brilliant volumes.
Seeing some selling pressure currently. Good to buy if sustains above 96.50 today.
Add on retracements (after bounce back form retracements, add more)
ENTRY: Above 96.50 (if sustains)
Targets: 105, 115, 122++ (obeying the path marked)
Stop loss: 91.30 (Considering buying around 96.50)
TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
THANKS
BOMDYEING, BREAKOUT WITH STRONG VOL. CANDIDATE FOR INTRA & SWINGBOMDYEING has given strong breakout from channel and closed very near to horizontal resistance zone.
Above 94.5 this can be good pick for Intraday although has some resistance till 96.5. Once these levels are crossed, it can sail freely.
Also this is good for Swing if manages to close above 96.5
Thanks
Piyush Gupta
Learn & Earn
Bombay Dyeing - Weekly Analysis - looks getting ready for break Bombay Dyeing - Weekly Analysis - looks getting ready for breakout adding some qty @ 89
Will add more if get @ 65-80 range
Target 120-150-180-200-250-300+
SL below 60
Bombay Dyeing Triangle BreakoutBombay Dyeing Triangle Breakout
Buy Bombay Dyeing
Closing Price - 89.15
Strict SL - 74.5 (Weekly Closing Basis)
Target - 140
POSITIONAL TRADING IDEA ON (NSE: BOMDYEING)Currently the stock (NSE: BOMDYEING) is trading on 76.5 INR.
On positional Basis you can Start Buying this stock at Current market price and STOPLOSS of 64.30
Target 1 89.85 (18%)
Target 2 102.35(34%)
ON SHORT TERM BASIS(15-20) Timeframe Session For Short Term Stop Loss should be kept at 73.30
Target 1 : 79.15 (3.93%)
Target 2: 84.85 (11.42%)
DISCLAIMER:-FROM PERSONAL PERSPECTIVE NOT BE RESPONSIBLE FOR ANY KIND OF PERSONAL LOSSES.DO YOUR OWN RESERACH BEFORE BUYING THIS.
[Basket] Bombay Dyeing GoAir IPO BetTechnically it's buy.
Fundamentally Wadia owns it. Wadia also own GoAir.
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 break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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U shaped recoveryThe stock is witnessing U shaped recovery with support from volume.
Can be bought above 80 for a target of 87.
Note: Educational purpose.
Great Level for Swinggood lower level trend line support
Stop loss can be kept at 67 on closing basis
Target 1 - 85
Target 2 : 100-110
Bombay Dyeing | Ascending triangle pattern breakoutViews are personal and for educational purpose only.
Watch my other analysis also.
#RealTex_BOMDYETEXTILE most Under-owned sector in India with second largest employment provider to unskilled force followed by agriculture. Promoter pedigree and business model are likely to get the attraction. The likelihood of a textile-focused policy generates a sector-focused as well. Importantly exposure to real estate (most debated and emerging sector with the lowest ratio of the sector to GDP in recent past) through subsidiaries.
Disc: May have a family or personal holding in ideas shared, be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy or investment discussed herein. Investments involve risk.
Possible breakout in Bombay Dyeing...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
BOMDYEINGDecent breakout from consolidation.. cmp 86
dips till 80 can be bought..
Sl lose below 70
Some resistance around 97
