Bosch forming bullish Marubuzo candle stick pattern
◽ It indicating that there is so much buying interest in the stock that the market participants were willing to buy the stock at every point during the day ,
◽So much so, that the stock closed near it's high point for the day
◽It indicating this bullish sentiment will continue over the next few trading...
Company website- www.bosch.in
Founded in 1886, into multinational engineering electronics, presence is over 60 countries worldwide.
Major product line-
Automotive Aftermarket parts ( battery, spark plugs, wipers, brakes, clutch plates etc ) and smart mobility ( autonomous and Iot enabled )
Household appliances- fridge, dishwashers, washing machines,...
Overall Downtrend .
Price Is On Strong Resistance .
Price Consolidating Near Resistance Level .
Price Is In Supply Zone .
Entry :- 10150
Sl :- 10297.5
T1 :- 9710
Select Your Target and stop loss according to your Risk Appetite .
Happy Leaning .
Prices are moving in a downtrend after having broken out to the dowside of a descending triangle. After a momentary correction, prices could possibley continue further down, with a final target of around 15 600. However, nothing is guaranteed, so always take your profits earlier if they come.
I am going to keep this short and sweet, as I believe this chart conveys what I could type out much better. As to how i found my trend lines, and created an overlay of diamond sections to isolate movement, is done by an amalgamation of a few techniques.
Simplistically, IOTA has been bearish for some time, and a breakout is on the horizon,...