Bombay Burmah Trading Corp strong breakout
On the technical charts, the stock has given a breakout above the ₹1,300 zone and the indicates bullish candle pattern.
The stock with a series of higher bottom formation patterns visible on the daily chart in the past 5-6 months, has given a breakout above the ₹1,300 zone, picking up from the support level of ₹1,160 of the significant 50EMA zone, to indicate a strong bullish candle pattern with tremendous volume participation. Hence, initiate position in this scrip for the target of 1610 and place SL at 1300.
The stock with a series of higher bottom formation patterns visible on the daily chart in the past 5-6 months, has given a breakout above the ₹1,300 zone, picking up from the support level of ₹1,160 of the significant 50EMA zone, to indicate a strong bullish candle pattern with tremendous volume participation. Hence, initiate position in this scrip for the target of 1610 and place SL at 1300.
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