Stock trying to break the major resistance with high volume , if it breaks the 100-101 resistance level we can wait for some lil bit or correction or can enter for short term gains , it will go up to the range of 150 & more . Simple price action .
Breakout 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...
BOMDYEING 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 breakout adding some qty @ 89
Will add more if get @ 65-80 range
Target 120-150-180-200-250-300+
SL below 60
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...
