BASF - An Investment pick with more than 70% ROI.
Updated
The stock has been in an up trend.
It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now.
It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe.
One may also consider this for a swing opportunity , RSI intact in all time frames.
Weekly price action shows, that the stock has broken out of falling channel, retested and reversed Consolidated for 7 weeks. Weekly RSI took support at 60 and bounced. Looks ready for a swing. SL - Previous week low at 3155. Target 1 - all time high, 3880.
It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now.
It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe.
One may also consider this for a swing opportunity , RSI intact in all time frames.
Weekly price action shows, that the stock has broken out of falling channel, retested and reversed Consolidated for 7 weeks. Weekly RSI took support at 60 and bounced. Looks ready for a swing. SL - Previous week low at 3155. Target 1 - all time high, 3880.
Note
Momentum blast, 7% up.Note
Swing trade target of 15% hit. This stock is expected to move further in the short term itself. 3-4 months.Note
The stock has taken support, reversal track in play.Note
Reversed as per latest price action - as expected. Beautiful breakout after 3 weeks of consolidation.Note
30% ROI in 5 weeks.Note
40% ROI.Note
Continuing strong, it's winning streak, 45% up in 3 months.Note
On track to full targets, 55% up.Note
4 months - Full targets done, 80% ROI.Note
The stock has hit a 130% ROI in 4 months and a week. That was a seamless up move.
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