BSE trade ideas
Long on BSEBreakout in BSE (Bombay Stock Exchange) above 665 levels with long consolidation supported by good volume.
Multi-year breakout, crossing its high of May-2019.
Target 1200 - 1400
BSE LTD CMP 683Chart turns bullish for further upmove. It may touch ATH in next 1-1.5 Years.
Target" 1000+
Time Frame 1.5 Years
SL: 640
BSE ltdBSE looks too good for me forming harmonic or 🦋 butterfly pattern and stock is moving in parallelchannel so targets could be 680,720 hldng period 1mnth ( as per chart Structure I can easily identify multiple chart patterns (I already said abt two patterns above ,shoutout in the comments section abt the third pattern (Hint: A.ny B.ody C.an D.o😉)
Bse head & shoulderHead and shoulder apttern is forming in BSE. And there is good move in BSE globally all exchange.
BSE - Daily Chart - Ready for BreakoutBSE - Daily Chart - Ready for Breakout
Looking at the chart, one can easily see a heavy consolidation near 600 level. Stock is trading in an uptrend and in a channel, now showing signs of breaking out with a ST target of 700+. One more positive on the cards is NSE IPO. Must have on the tracking list
long opportunity on BSE ltdshort term long opportunity BSE LTD based on formation of Head and shoulder pattern and neckline break with heavy volume.
target 1 720 and target 2 850 and stoploss 530
BSE LONG - RESULT TRADEBSE IS IN A RANGE NEAR ITS RESISTANCE LEVEL. THE RESISTANCE LEVEL HAS BEEN TESTED MUSTIPLE TIMES. AS BSE IS ABOUT TO DECLARE RESULTS ON 3RD AUGUST, 2020. LOOKING AT LAST QUARTER FINANCIALS AND CURRENT FINANCIALS OF CDSL, THE RESULTS ARE EXPECTED TO BE EXCELLENT, QOQ AND YOY BASIS. THUS THERE IS A HIGH PROBABILITY THAT THE RESISTANCE LEVEL WILL BE BREACHED. SINCE IT IS A RESULT TRADE, SQUARE OFF THE POSITION WITHIN THE DAY AS THE STOCK MAY RETRACE BACK FOR A FEW DAYS AFTER RESULTS DEFORE CONTINUITY ITS UPWARD JOURNEY.
