NSE:BARBEQUE BARBEQUE 733 TGT 890 SL 660 TF <6 M RR >2 Return > 21% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge...
Barbeque Nation is one of the most popular and well-known casual dining chains in India, with a strong reputation for its delicious food and enjoyable dining experience. With a growing number of outlets and a strong brand recognition, the company has established itself as a leader in the restaurant industry. The company's financial performance has been...
BBQ taking support of april trendline, if breakdown further can seek support at 1389 which also supported by fib retracement to1333 , if takes support of trendline level 1559 and goes up can seek 1st target of 1900 and then can trail stopless for further gain.
I have plotted a triangle pattern for Barbeque nation & expected it to cross above Triangle high, But it got consolidated & is forming a Channel pattern. I have decided to observe the stock & give a entry when it consolidates near bottom of the channel pattern near Rs. 1080 & expect a target of at least 1150 & max profit can top of channel pattern P.S This idea...