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...
Technically 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...
![BOMDYEING: [Basket] Bombay Dyeing GoAir IPO Bet](https://s3.tradingview.com/x/x9L8FArY_mid.png "[Basket] Bombay Dyeing GoAir IPO Bet")
