SWING IDEA - BOMBAY BURMAH TRADING CORP
Updated
Bombay 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 :
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
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
Note
made a high of 18%++Note
after a successful retest, the stock is continuing its trendNote
Consolidating, HOLD!Note
new all time high weekly close, hold!Trade closed: target reached
1st target achieved : 28%++Note
made a high of 36%++Note
made a high of 46%++
close to final target
Disclaimer
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