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Bombay Burmah Trading Corp. Ltd.Bombay Burmah Trading Corp. Ltd.Bombay Burmah Trading Corp. Ltd.

Bombay Burmah Trading Corp. Ltd.

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BBTC S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BBTC
by zenthosh
SWING IDEA - BOMBAY BURMAH TRADING CORPBombay Burmah Trading Corporation , a diversified company with interests in tea, coffee, and other sectors, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 1850 Resistance Breakout : The 1850 level has been a significant resistance zone, tested multiple times. The price has finally broken through this level and closed at a new all-time high, indicating strong bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Sudden Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Target - 2600 // 3000 Stoploss - weekly close below 1690 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:BBTCLong
by Visionary_Growth_Insights
4
BBTC: Trap in the making??💣 1. Promoter Holding up - 65.93% ---> 74% 2. DII and FII holding up by a negligible amount 3. Reduced Retail holding - 25% ---> 16.4% 4. Price at a Breakout Level - Since 2019 5. Stock Rallied over 80% in the last 6 months 6. The Psy. Resistance of 1500 sits immediately at the breakout area. 7. Potential immediate resistance zone The price action will be interesting in the near term. We would proceed with caution. What do you expect?? 🤷‍♂️ If you'd like to request an analysis, simply send us 100 coins as a token, and we'll be happy to post one for you. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:BBTC
by TheChartereds
BBTC Is near It's ATH break out 50% Return Possible is Few month### Swing Trading Recommendation for Bombay Burmah Trading Corporation Limited (BBTC) **Entry Point:** - **Current Market Price (CMP):** 1683 INR **Accumulation Range:** - **Accumulation Price Range:** 1683 INR to 1500 INR **Stop Loss:** - **Stop Loss:** Below 1311 INR on a weekly closing basis (WCB) **Targets:** - **Short-term Target:** 2017 INR - **Medium-term Target:** 2500 INR **Strategy Overview:** - **Entry Strategy:** Initiate a position at the current market price of 1683 INR and accumulate further if the price drops to the 1500 INR level. - **Stop Loss Strategy:** Implement a stop loss below 1311 INR on a weekly closing basis to manage downside risk. - **Target Strategy:** Aim for a short-term target of 2017 INR and a medium-term target of 2500 INR, considering the stock's potential for upward movement. **Rationale:** - **Technical Analysis:** BBTC has shown strong support at the 1500 INR level, making it a suitable range for accumulation. The stop loss at 1311 INR provides a buffer against significant downward movement while aiming for higher price targets. - **Market Sentiment:** Given the company's diversified portfolio and strategic investments, BBTC is positioned to capitalize on market opportunities, making it a suitable candidate for swing trading. - **Risk Management:** The specified stop loss level ensures that potential losses are minimized while targeting substantial gains. ### Key Considerations: - **Monitor Market Conditions:** Keep an eye on overall market conditions and any news that could impact BBTC's performance. - **Adjust Stop Loss and Targets:** Be flexible with stop loss and target levels based on the stock's performance and market trends. ### Fundamental Overview (Recap): **Company Background:** - Established in 1863, BBTC has a significant presence in plantations, healthcare, and real estate, with strategic investments in various sectors. **Financial Performance:** - Steady revenue growth and a solid asset base, supported by diversified revenue streams. **Strengths:** - Diverse portfolio and strategic investments in companies like Britannia Industries. - Strong brand presence and experience in core sectors. **Risks:** - Exposure to agricultural output fluctuations and commodity prices. - Potential impact from regulatory changes. **Outlook:** - Positive growth potential with strategic investments and a strong portfolio. By following this swing trading recommendation, investors can potentially benefit from BBTC's growth prospects while managing risk effectively.
NSE:BBTCLong
by TRADERSMONK07
Bombay Burmah (BBTC) Looking good. The Bombay Burmah Trading Corporation Limited in short known as BBTC. BBTC is a 150 years old company. The company has diversified its interest in Tea, Coffee, other plantation product, biscuits and dairy product. Company also has other business also i.e. Auto electrical components, Dental products, Horticulture activities, Weighing products. CMP = 977.85. Negatives of the company are High Valuation (-57.3) and Declining quarterly net profit. Positives of the company are Low debt, zero promoter pledge, improving annual net profit and FIIs are increasing stake. Entry in BBTC can be taken after closing above 986. The target of the stock will be 1046. Long term target of the stock will be 1115 and 1181. Stop loss in the stock can be kept at a weekly closing below 883.
NSE:BBTCLong
by Happy_Candles_Investment