BODALCHEM
#PODDARMENT 399 TGT 600 #NIFTY #BANKNIFTY #Stocktowatch #stocksNSE:PODDARMENT 399
TGT 600
SL 350
Timeframe < 6M
RR is good enough.
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
Bodal Chem (Swing):Bodal Chem (Swing):
A 35-50% up move is on the cards for swing.
Keep adding in chunks while script ranges around demand (green) zone.
Appropriate support, resistance and targets are highlighted.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Queries are welcome.
Bodal Chemical _ Long Any pullback sign could be an opportunity to enter & confirmation for a long with the volume greater than previous weeks.
In previous week's higher volumes are indicating large accumulation by institutions. Looks like it is getting ready for new life time high. Red line violation will nullify the view.
Indian chemical industry is a beneficiary for China trade damage.
Act as per your risk appetite in your believe