SWING IDEA - BAYER CROPSCIENCE
Updated
Bayer CropScience, a global leader in agricultural science, is exhibiting technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
Target - 7670 // 8700
Stoploss - weekly close below 5600
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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
Reasons are listed below :
- 6500 Resistance Breakout: The 6500 level has been a significant resistance zone. The price is now breaking out above this level, indicating strong bullish momentum.
- Breaking 4+ Year Consolidation Phase: The stock is breaking out of a long consolidation phase that lasted over 4 years, signaling a potential new bullish trend.
- Strong 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.
- Bounced Back from Golden Fibonacci Zone: The stock has bounced back from the golden Fibonacci retracement level (0.618), a key area where prices often rebound, indicating potential for an upward move.
- Trading Above 50 and 200 EMA on Weekly Timeframe: The stock is trading above both the 50-week and 200-week exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
- Trading at All-Time High: The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 7670 // 8700
Stoploss - weekly close below 5600
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
Note
Accumulate !Note
Retracing back to support level, accumulate Note
bullish engulfing candle on weekly timeframe at support level, we can add more quantity here!Note
momentum is picking up, hold!Note
hold!
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