BSE trade ideas
BSEAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only educational purposes and not a trading recommendation.
BSE: Range Breakout or breakdown??The stock has been trading in a price range between 1805-2380 since 15th Dec'21 till date (CMP - 2085). Since the structure of the broader market remains weak and does not appear to improve at least in near future (as there is no sign of Russia sparing Ukraine), it seems that the stock will remain within the above-mentioned range for the next few weeks. Below are the targets in the event the stock gives break down or break out of the range
Break Out (Above the level of 2380) -
T1 - 2450
T2 - 2500
SL - 2050
Break Down (below the level of 1805)
T1 - 1640
T2 - 1410
SL - 2020
Do consider following the account if you find the content delivering value to you :)
BSE LTD.Stock Current price is 529.85 ON 11th September, 2020, After Giving a breakout on 9th July-2020 with volumes Currently the stock is in a Price Range of 560-485 means stock is consolidating and making its base. Slow Stochastics is also showing a uptrend with crossing above central line. As well ARS has also given a breakout from 0 Line on 9th September, 2020. As per the Chart the stock should give a breakout of this Price range in coming days, So we should enter in the range of 520-540 in the stock for immediate Target of 590 and then 640, Volumes are increasing in the stock means some accumulation in the stock. The 50 DMA has given Golden Cross after 200 DMA on 7th August, 2020 in the Stock.
BSE - long trade set upTechnical picture -
Stock gave a breakout from triangle pattern.
Correction came in market and stock price retested twice but was unable to close below the breakout candle low.
Trade set up -
Go long, keep a stop loss of breakout candle low and is has potential to touch previous high. Once can book some profit there is trail their stop losses according to an individuals risk appetite.
If this chart touches the previous high then a big rounding bottom formation will complete that pattern will have potential to give another 100-150 rs target on top of it.