SWING IDEA - BOMBAY BURMAH TRADING CORPBombay 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 :
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
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BBTC
#SIYSIL CMP 596 TGT 754 Buy Recommendation by Rachit SethiaSIYSIL
CMP 596
TGT 754
SL 516
TF <6M
RR >3.4
Return >32%
NSE:SIYSIL
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 Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
#CROMPTON BUY 316 TGT 390 by Rachit SethiaCROMPTON 316
TP: 390
SL: 290
< 6 Months
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 Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Bombay Burmah (BBTC) Looking good. The Bombay Burmah Trading Corporation Limited in short known as BBTC. BBTC is a 150 years old company. The company has diversified its interest in Tea, Coffee, other plantation product, biscuits and dairy product. Company also has other business also i.e. Auto electrical components, Dental products, Horticulture activities, Weighing products. CMP = 977.85.
Negatives of the company are High Valuation (-57.3) and Declining quarterly net profit. Positives of the company are Low debt, zero promoter pledge, improving annual net profit and FIIs are increasing stake.
Entry in BBTC can be taken after closing above 986. The target of the stock will be 1046. Long term target of the stock will be 1115 and 1181. Stop loss in the stock can be kept at a weekly closing below 883.
#BTCUSD WHATS IS NEXT THOUGHTSWhat is the Bitcoin Halving (Halvening)?
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25.
What is the Significance of the Bitcoin Block Halving?
The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower.
In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins , and demand usually remains steady, the halving has usually preceded some of Bitcoin's largest runs.
Bitcoin Halving Schedule
The Bitcoin halving is scheduled in block height, not date.
The halving happens every 210,000 blocks. The 2020 halving will happen on block 630,000. The 2024 halving will happen at block 840,000.
SOURCE: www.buybitcoinworldwide.com
BBTC - Falling Wedge BOThis script looks amazing on a daily timeframe, but if looked at closely small hurdle is on its way weekly Trendline.
- Gave strong falling wedge breakout with volumes today.
- Weekly RSI (60 Levels) and Weekly Trendline is going to act as resistance
- Has resistance @ 1380-1400 Zone as well but can be overlooked if yearly trendline is broken.
One can go long above purple trendline with SL of 110 WCB
BTC USD - possible bear flag ? On the older timeframe, a possible formation of a bearish flag figure has begun.
On the older timeframe, a possible formation of a bearish flag figure has begun.
Minimum correction goal 6050-5890
Cancellation of the pin script above 6400
This is just my opinion, and is not a call to action)
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