NavneetRaj

BSE: Range Breakout or breakdown??

NavneetRaj Updated   
NSE:BSE   BSE LTD
The stock has been trading in a price range between 1805-2380 since 15th Dec'21 till date (CMP - 2085). Since the structure of the broader market remains weak and does not appear to improve at least in near future (as there is no sign of Russia sparing Ukraine), it seems that the stock will remain within the above-mentioned range for the next few weeks. Below are the targets in the event the stock gives break down or break out of the range

Break Out (Above the level of 2380) -
T1 - 2450
T2 - 2500
SL - 2050

Break Down (below the level of 1805)
T1 - 1640
T2 - 1410
SL - 2020

Do consider following the account if you find the content delivering value to you :)
Trade closed: target reached:
Both the targets after breakout were achieved today (10.03.2022).
Kindly consider following the account of it delivered value to you :)

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