On weekly chart looks very good to give 30% to 50% return, and don't be surprised if it will be 100%. Nice support on the trendline and seems to a break out with good volumes !!
Clear cut breakout and It will show 1st target in short time 76 to 78. Stoploss near 60 rs. Also +ve of DMI Form.
Bombay dyeing Intraday/Short term tracking
Bombay Dyeing - Bearish Bias - Can Short at current levels
SL compulsory : target 15 % up in next 3 months.
BOMDYEING CMP 268 Long suggested above 275-277 levels. STOP 250 TARGET OPEN Logic: Daily Chart Volatility Contraction Pattern (VCP) Weekly Chart Cup with Cheat pattern
May go down to 182-184 where support exists.
Bearish forces have slowed down a bit and looks bullish. Stop at 245 and trailing stop loss.
buy above 223 fr tgt 240-45
Close above 94 will see a breakout and open tgt of 154, 186 & 226.
