BOSCHLTD trade ideas
Bosch As the market has been super volatile, stayed away from trading. Anyways, Let's take a quick trade whenever opportunity presents itself.
Auto sector has the momentum.
Trade Setup:
Daily: formed double bottom, and chart structure changed from LH - LL to HL, with HH yet to be confirmed. Crossed 50 EMA & trend line, supported by strong volume during the up move.
Also, the stock took support multiple times at 13K INR (strong support).
Additionally, RS>0, outperforming Nifty50.
Entry = CMP (14600 INR) or add on dips until 13800 INR)
SL = 13000 INR
Target = 15000 INR (T1) and 16100 INR (T2).
10% gain in this trade at minimum.
Bosch Trade Setup:
Daily: broke out of triangle pattern, with huge volumes (after a long consolidation). Bullish Marubozu candle sustained. Trading above 50EMA and 200 EMA. Crossed major resistance (approx. 17000 INR) after a long time.
Weekly: crossed and sustained 200 EMA after a long time (since 2017). forming HH and HL. Inverse head and shoulder pattern as well.
Monthly: Crossed 50 EMA, which was a strong resistance since Jan21.
Entry = wait for retracement between 16300 and 16100 INR levels.
SL = 1% below the low of weekly candle ie; approx. 15300 INR levels
Target = 20000 INR
RR = highly favorable = approx. 4.5
LIKE A BOSCH A perfect VCP pattern and ready to boom
In constant accumulation and i feel it may be over on the budget day and HNIs are ready to make some Moolah
SL 12900
TARGET 1 19200
TARGET 2 ALL TIME HIGH
TARGET 3 31000 AS PER FIBO
WATCH BOSCH SEMI CONDUCTOR VIDEO ON YOUTUBE TO GET A BUSINESS MODEL IDEA BEYOND THEIR AUTO ANC. BUSINESS
(ANALYSIS FOR EDUCATION PURPOSES )
Bosch IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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BOSCH trading idea's ❗Bosch forming bullish Marubuzo candle stick pattern
◽ It indicating that there is so much buying interest in the stock that the market participants were willing to buy the stock at every point during the day ,
◽So much so, that the stock closed near it's high point for the day
◽It indicating this bullish sentiment will continue over the next few trading session's
◽We can see that it breakout descending triangle like pattern with huge volume
Bosch at an interesting levelBosch is at an interesting level. 3 reasons:
#1. Stock price is taking support at the fibo golden ratio. This level has acted as a strong support earlier.
#2. Multiple attempts at breaking the TL from Feb 2021. A breakout from this TL has good RR.
#3. 20 day EMA has just crossed 50 day and 100 day EMA along with good volumes.