The chart for Bhartiya International (NSE) is a monthly timeframe chart. Let's break it down and analyze it step by step. ### General Observations: 1. Resistance Breakout: The price had previously formed a resistance around the **₹638 level**, which was tested multiple times between **2016 and 2018**. However, in those attempts, the price failed to break out. ...
If you missed the chance to buy BIL less than 5, you can wait for a pullback to buy zone in the chart. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for...
it has broken a trendline but currently as a good demand zone. However losing that can take prices to 5.5 again another counter to buy at two entries. smaller time frames below 1hr shows bullish divergences
Simple breakout retest and back up structure. however note that DMA200 is currently still working as overhead resistance
Afternoon All, Remember tomorrow is earnings, should be in around 8:00.
Similar to the Top 40 chart highlighted above, BIL is looking to make an upside break following the sideways consolidation seen since the beginning of June. The price has regained it's position above it's 50-day moving average (MA) while the MA has also started to point higher.