Strong breakout..looks ready for 2900/3000 level
Updated
Let's delve into the stock analysis of BSE. Currently, it finds itself within a dynamic trading range, with the 2000 level serving as a robust demand zone, indicating significant investor interest at this price level. Conversely, the supply zone is evident above 2600, suggesting a level where selling pressure might intensify.
Despite a strong breakout having already occurred, the market sentiment remains favorable for buying. Therefore, adopting a buying mode strategy seems prudent at this juncture.
For those considering entry, a buy trigger above 2700 could be an opportune moment to capitalize on potential gains. Upon breaching this level, targets for the upward trajectory lie at 2750, 2790, 2850, 2900 and 3200 respectively. These targets are indicative of potential price milestones where upward momentum may encounter resistance or profit-taking activities.
In summary, with the demand zone established at 2000 and the supply zone delineated above 2600, adopting a buying stance post-breakout above 2700 could yield favorable returns, with strategic targets set for incremental gains along the upward trajectory.
Despite a strong breakout having already occurred, the market sentiment remains favorable for buying. Therefore, adopting a buying mode strategy seems prudent at this juncture.
For those considering entry, a buy trigger above 2700 could be an opportune moment to capitalize on potential gains. Upon breaching this level, targets for the upward trajectory lie at 2750, 2790, 2850, 2900 and 3200 respectively. These targets are indicative of potential price milestones where upward momentum may encounter resistance or profit-taking activities.
In summary, with the demand zone established at 2000 and the supply zone delineated above 2600, adopting a buying stance post-breakout above 2700 could yield favorable returns, with strategic targets set for incremental gains along the upward trajectory.
Note
long
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