BBQ taking support of april trendline, if breakdown further can seek support at 1389 which also supported by fib retracement to1333 , if takes support of trendline level 1559 and goes up can seek 1st target of 1900 and then can trail stopless for further gain.
I have plotted a triangle pattern for Barbeque nation & expected it to cross above Triangle high, But it got consolidated & is forming a Channel pattern. I have decided to observe the stock & give a entry when it consolidates near bottom of the channel pattern near Rs. 1080 & expect a target of at least 1150 & max profit can top of channel pattern P.S This idea...
Nicely consolidating at HIGHS, Rise in Volume activity can take the stock much much above.Taking support also at 20 MA.
Buy opportunity !! Barbeque Nation !! Buy it at CMP !!! its near good support !! Its business concept hav no competitor Now !!