BOSCH (CMP 17017.65) seems to be at a critical support which was guarded since the beginning of Jan 2018 and given the current market conditions, stock will take support at this level and can resume its upward journey.
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.
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BOSCH LTD it is a Weekly Pennant Pattern and there is higher probability it will break to upside and it could test 30000 Level.
Trade well...Its probably a traingle in play.
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Dojis and Spinning Tops are being formed. If breakout happens; H = 24290 - 22500 = 1790 Entry - 24215 SL - 23125 Target = 24215 + 1790 = 26005
It is a hurdle jump for bosch. 1)23580 , 2) 24000 3)24700 4)26000. Will nifty cheer up bosch to reach the destination?
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Bosch is near to the end of the 4th wave..The 5th of the C has formed an ending diagonal pattern...Buy on signs of reversal for tgts near to 28000.