The scrip was trading below multi-year resistance trendline. The scrip gave a breakout from the trendline forming a large bullish candle on a weekly time frame. The Stock rose nearly 4 percent in last two days hitting a new 52W high.
Bosch is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
One can 'go long', after the stock...
It seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't...
Bosch gave life high breakout on monthly chart with monthly close last month. Ready for upside. One can invest and hold for long-term with sl of 28000. cmp 29037. This view is educational purpose only. This is not a buy or sell recommendation. Do consult your advisor before investing. #stock #stockmarket #stockmarketnews #stocktobuy #breakout
A continuation pattern has been found in Monthly and Weekly chart.
Buy above the Blue line and trendline support should act as the stoploss.
Hold for a week or two for good return.
Just For Learning Purpose. Not a recommendation.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to...
Bosch after making high in 2015 at 25797 it has fallen to 8k level during covid level
past 3 year it was underperforming
now after 8 year it is breaking out the trendline triangle formation from previous high till now
expect good strength from now
In chart 22249 is a strong resistance. Price touch 2 times in history and comeback to 21506.
MACD indicate some divergent here and giving signal for down trend .
But my point of view if 21506 break with good volume and make a support with 2-3 trading day then price will be BOOM Next target will be 22400. (Also I'm expecting this)
If can't break the...
📊 DETAILS
Sector: Auto Ancillaries - Auto, Truck & Motorcycle Parts
Mkt Cap: 62,623 cr
Bosch Ltd has presence across automotive technology, industrial technology, consumer goods and energy and building technology. It manufactures and trades in products such as diesel and gasoline fuel injection systems, automotive aftermarket products, industrial equipment,...
A possible double-top pattern in Bosch is evident. Still, it didn't test the last high but it is a close enough pattern.
Selling below 20564 with given targets of 20381 and 20162.50
All prices in spot.
NSE:BOSCHLTD looks very good on monthly charts. Bosch is a bit complex because the ticket size is big and therefore, price movements can be erratic. So if the chart shows a clean breakout above current levels (20,700) one can go long while maintaining the current level as stop loss.
Almost a sure buy from here as it reaches 2019 level again. Hope this time it will not fake out.
Stop loss with hedge must.
Remember failures are more frequent than success but still pro traders are one who survive.
NSE:BOSCHLTD is on the verge of a monthly breakout and the chart looks very strong. A little bit of nudge and the downward sloping line would be broken. This should end a long consolidation for the stock. Keep it on your radar. Breakouts like these can deliver enormous returns in just a few year's time.
