BTML trade ideas
BTML - Stock is poised for a short term and swing trade , 10-40%The stock has broken it's all time high and given a retest in daily.
Also the stock is retracing from its FIBONACCI 38.2 retracement level in monthly.
Volumes look strong and RSI in Lower time frame supports an entry now.
Sector - Entertainment.
Entry 215 range.
Target - 240, 260, 290.
Swing trade target at 240 - 10-15% ROI.
BTMLStock name = Bodhi Tree Multimedia Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score = B
This stock has some positives. However, its mediocre earnings and mediocre price performance suggest it still needs to prove itself.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.