BBL- Long Setup, Move is ON.....Stock name = Bharat Bijlee Limited.
✅#BBL trading above Resistance of 5340
✅Next Resistance is at 6900
✅Moved 17% in 6 Weeks
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.
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.
BBL trade ideas
BBLStock name = Bharat Bijlee Limited.
Daily 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.
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.
Channel Breakout - BHARAT BIJLEEPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
BHARAT BIJLEE DAILY CHART : Lots of price actionThe share of Bharat Bijlee daily chart lots of price action you can learn, if you are interested read below
The first learn the trend line after 21st Jun the share follow the trend line, after trend line breackdown the trend line work like resistance
27oct 2022 the share strong bullish candle formation this candle break the previous high and trend line
after breackout share share is pullback, after pullback this is now good for the entry
What you think, please comment
Bharat bijlee - positional long ideaI like this stock chart pattern, it is making regular higher lows. Go long at current market price and increase your positions above 1820 on a daily closing basis. Chart has potential to reach 1900/1950 in short to medium term. keep a stop loss below 1720 on a daily closing basis.
Does BBL move higher from here?NSE:BBL current market price(979.35) which acted as resistance (marked with RED arrows) during 2016 and early 2017 is currently acting as great support (marked with GREEN arrows) since then. Does it move higher from here? Based on the chart below, it seems highly likely. However, your guess is as good as mine.
BHARAT BIJLEE - GOOD ONE TO GO LONGCMP - 1722.
Target - 2420 plus
Stop - 1400
1) Stock has cleared the long term upward sloping resistance line.
2) Stock has also cleared the multiperiod long term horizontal resistance line.
3) Huge volume based buying seen in the last weeks that has propelled the stock beyond resistance line.
4) Relative Strength upward sloping.
5) Stock has the potential to go past 2400 in coming weeks time.