BAYERCROP trade ideas
Bayer Corporation Technical Analysis .Hello friends , Today I have the
Technical Chart Of Bayer Corporaton . Friends as you can see here that it is making Double Bottom Chart pattern Which means it can go up and Because it is a very Nice Double Bottom so for its Breakout is on upper side and so for it can go up and broke Its Neck line . Its Target You can take is at 6800 Rs and Its Buyimg and Selling Point I have shown in the picture . Its Stop Loss is On 5760 Rs .
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Date of Publication :- 3 August 2021 .
Bayer's path and directionHello everyone this is my idea for Bayer's crop on daily time frame ..
Reverse head and shoulder could be in play .. if those 4 conditions are met .. target 1.618 Fibonacci
First Red line hold as support ( no daily close below )
Second Our pattern take shape .. as shown in the chart ..
Three In the RSI indicator Green line breaks .. and orange line hold as support ..
Fourth strong volume break 6600 Pivot point when our pattern fold .. for this move to happen
for any question feel free to ask :) good luck
BAYERCROP long time resistance broken - Buy on deep'A stock nearly always gets support the first time it reacts back to old high levels and the main trend would be considered up as long as it stayed above old resistance levels.'
'Before any stock starts on a big advance or decline, a long period of time is required for preparation, or accumulation or distribution.' .... W D Gann
Both the ideas true in BAYERCORP. It remain in range of 3000 to 5000 for more than 5 years. Long time resistance broken & closed above monthly range. Breakout with volume.
Whenever you get any deep, accumulate.
Note - risk management is more important than all other. Invest only which you can risk.