BOGA.N0000Buy Zone - 45 to 50
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BOGA.N0000 trade ideas
BOGA.N - BOGALA GRAPHITE LANKA PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Share price closed above the support 60.00-62.00 with 3.34% gain on price. If the overall market keeps positive this area will be acting as a good support zone .
Breaking resistance zone 68.00-70.00 is very important. Breaking this zone with huge volume will open the path towards 80.00
The U shape and the dotted trend line can be considered as a cup and handle . But it is not the prefect resemblance of CnH .
BOGA.N - BOGALA GRAPHITE LANKA PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Share price closed above the support 60.00-62.00 with 3.34% gain on price. If the overall market keeps positive this area will be acting as a good support zone.
Breaking resistance zone 68.00-70.00 is very important. Breaking this zone with huge volume will open the path towards 80.00
The U shape and the dotted trend line can be considered as a cup and handle. But it is not the prefect resemblance of CnH.
BOGA | Inverted H&SThe stock has formed an inverted head and shoulders pattern. A potential breakout above the neckline and descending trendline could push the share price towards the Fibonacci retracement 0.786 level at Rs. 75.5. During such a move, some resistance around Fibonacci retracement 0.168 and 0.65 levels can be expected.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.