Bombay Burmah Trading Corp - Head & Shoulder Pattern & Retest!!
Bombay Burmah had given breakout of Head & Shoulder pattern and now has entered retest zone on a monthly time frame. It is looking good and can move towards our targets as mentioned in the chart. Other factors:
1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions.
2. Stock price is taking EMA 20 as a support on MTF
3. Holds 50% in one of the largest FMCG Co. Britannia - FMCG sector should revive and should give tailwinds to this stock.
4. Hold many dimensional business and EPS is increasing on a YoY basis
Keep this stock in your radar!! Keep following Cleaneasycharts as we provide Right Stock at Right Time at Right Price !!
Cheers!!!
1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions.
2. Stock price is taking EMA 20 as a support on MTF
3. Holds 50% in one of the largest FMCG Co. Britannia - FMCG sector should revive and should give tailwinds to this stock.
4. Hold many dimensional business and EPS is increasing on a YoY basis
Keep this stock in your radar!! Keep following Cleaneasycharts as we provide Right Stock at Right Time at Right Price !!
Cheers!!!
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.