In this weekly chart wave (a or i) is completed at 137 and wave (b or ii) may be completed at 98 and (c or iii) is already started which can take this stock to 151-163-183 in coming months...
Keep an eye on this stock because it can break its one and a half year resistance any time and if it does so and then retests it then there will be a great opportunity to fly into the sky.
RBA is a major player in the Hotel Industry. With tourism being the focus and the Govt promoting tourism, the Hotel Industry will stand to benefit. The economic growth in the country has also infused the willingness among people to eat out of their homes. The stock is now trending at good levels for entry.
NSE: RBA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 18% gain on...
The Basic Principles: Three Wyckoff Laws
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax , the point at which widening spread and selling pressure usually climaxes and heavy or...
📊 Details
Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~260 restaurants across major cities. The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of the brands Burger King and Popeyes in Indonesia
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bouncing from six month rising trend line support strong support at 100 level at current level and on any fall toward 100 level accumulate and hold for next 6 month big move possible in stock .
After a 1 year long trendline breakout at 103, now consolidating between 105 - 120. You can accumulate in this range. 130 is the strong resistance, after breaking this, the targets are mentioned and can be achieved in a year if company's financials were strong. Double bottom and a strong support at 85.
BUY - RESTAURANT BRANDS ASIA LTD
CMP - Rs. 113
Target - 1: Rs. 165
Target - 2: Rs. 185
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Technicals - Trendline BO
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This is just a view by an expert analyst, please invest at your own risk.
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DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Formaly known burger king monthly chart showing bullish side. Even RSI showing oversold.
Formed W 'or' Double bottom pattern
Target 1: 115
Target 2: 130
Strict SL: 80
Note: Only for education purpose
Long trendline + flag pattern at trendline resistance.
Stock has corrected 60 odd% from highs
On breakout with volumes, this stock can give a good upmove till 126-136-148 levels. Furthermore, targets of 168 and 185 also can be achieved.
SL can be breakdown of flag pattern or any weekly closing below 90.
