BAYER CROPSCIENCE - Potential 40% upmove Mid Term IdeaThe stock is in strong uptrend.
Moving out of a 4 year old consolidation zone.
Coming out of a 5 week old
consolidation, Daily VCP Breakout.
Ready for Swing Targets
15% 8215, then 9579 - Short To MId Term Targets 3-6 months.
SL 5% 6576 Daily closing Basis.
BAYERCROP
SWING IDEA - BAYER CROPSCIENCEBayer CropScience , a global leader in agricultural science, is exhibiting technical indicators that suggest a promising swing trading opportunity.
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
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