It was just a Flag breakout, until I drew the curved-trendline; now i can't unsee it!
BASF INDIA long channel BO It is retesting the trendline so the SL is low at ~2900 for the targets of 3500 and 3900.
Wait For Monthly Closing Above 3000 with Volumes. Channel Breakout
This stock is ready for fire. Hence, don't play with fire. In monthly chart looks like ABC correction is over and Price is challenged upper bollinger band. Monthly MACD has just given PCO Monthly RSI is near 60 Weekly price is just at resistance and there is a shakeout candle. Weekly RSI is above 60 Weekly ADX is strong Volume is good and EMAS PCO
In the Weekly Chart of BASF , we can see that, it is at a Decision making space. It has created a Spinning Bottom Candle or we can say Decision Making Candle. Lets see, whether it take a upward momentum or breaks down and take support of lower level. KEEP A WATCH FOR GOOD TRADE.
BASF has given good result in june 22 and sept 22 results are to be announced on 10th nov. moving averages 10 SMA- 2819 , 20 SMA- 2835 . 200 SMA 2836. Public float of 17.50 % . Won sales tax case of 750 Cr approx in high court. 1st wave top 3500 and 2nd wave correction looks complete at 2725 once crosses moving averages of 2840 you will see real power . I have a...
BASF- is a strong buy company continuously giving good result and bumper result expected on 10th Nov 22. Buy for a 3rd wave target of 4550 . accumulate on every dip.
Stock gave a breakout from downward sloping line. Chart pattern has potential to reach 3050-3100 in short to medium term. Keep a stop loss below 2650 in this trade. Good luck.
Educational Purpose Only Wait for Breakout See Volumes also.
NSE:BASF ____________________________________
BASF India took support at 255 EMA and Bounced Back Now above 200 EMA BUY 2700 - 2800 TGT 2932 - 3255 - 3390 -3534 - 3700 SL 2590 Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
refer chart for details pullback near the channel support is a good place to look for long position
Hi friends. This is my first analysis of BASF stock and i think as a swinging trader we should buy this @3280/3200, and our target should be @3700.
Hi friends. This is my first analysis of BASF stock and i think as a swinging trader we should buy this @3280/3200, and our target should be @3700.
Pole breakout accompanied by Dow Theory Reversal. The follow up would be bullish from here.