Weekly Breakout.BGL
Closed at 14.29 (05-09-2025)
Weekly Breakout.
However, monthly closing above 14
would be a healthy sign.
Immediate Resistance is around 16 -17.
Crossing & Sustaining this level with
Good volumes may lead the price towards
20+
BGL trade ideas
BGL – TECHNICAL BUY CALL | 11 SEPT 2025 BGL – TECHNICAL BUY CALL | 11 SEPT 2025
The stock broke out of an accumulation phase and is now poised to move upwards after a pullback. This setup indicates potential for upside movement, with defined risk management via stop loss.
Breakout!
Closed at 11.09 (05-06-2025)
Crossing & Sustaining 11.27 - 11.30
is a very healthy sign making the
price move towards 14 - 15
On the flip side, 9.60 - 10 is a very Good
Support level.
Morning Star Formation on Weekly TF.Morning Star Formation on Weekly TF.
Strong Trendline Support around 9.40 - 9.50
However, Accumulation can be started from
Current Level (10 - 10.50);
Should not Break 8 (even in worst cases)
Upside Targets can be around 13 - 14 & then
16 -18
Bullish DivergenceBullish Divergence at a Support Level.
10.52 should be Sustained on Monthly Basis.
BGL is going to be bullishBGL is maintaining support of 12.32
Next resistance is 13.35 and 14.62
It could fly to 17 and 20 levels after
breaking these resistances
Note: This is not a buy/sell call
Use stop loss.
BGL-LONGBGL is trading in a bullish trend,price has been retracing from 0.618 fib level,so it can b long at cmp
Crossing 18.20 will make it Bullish.
Crossing 18.20 will make it Bullish.
Immediate Support is around 11 - 11.25
However, Trendline Support is around 9.50 - 9.70
Breaking 8 will reverse the Trend towards downside.
BGL long positionBGL is moving in to parallel channel. I am expecting this to break out this channel upside. The gap created on Friday has been filled. If the break out happens than 18 can be good first target.
Bullish on Monthly TF.
Closed above 50% fib level of entire rally.
16.25 - 16.30 is an Important Resistance Zone.
Beautiful Morning Star Formation at Golden Pocket.
Around 13, there can be an Important Support level.
BGL Flag Pattern Set UpBGL Flag Pattern Set to Surge: Targeting 18.25 with Key Entry Points and Stop Loss
Are you ready to seize a promising trading opportunity? BGL is forming a classic flag pattern, signaling a potential breakout that could lead to substantial gains. The stock is currently consolidating within a parallel channel, presenting a prime entry point near the lower boundary of the flag around 11. As the pattern unfolds, the first resistance level to watch is around 14, with a potential surge targeting 16.70 and then 18.25. To manage risk, set your stop loss at 9.50. This well-defined setup offers a structured approach to capitalize on BGL's potential upside while protecting your investment.
Key Points:
Entry Point: Around 11, at the lower boundary of the flag pattern.
Resistance Levels:
Initial resistance around 14.
First target after the breakout at 16.70.
Ultimate target at 18.25.
Stop Loss: Set at 9.50 to manage risk.
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BGLWe can attempt to buy BGL from specified level as it break last LH , also there is bullish divergence indicate that it move upward.
SL , TP mention in chart
It has to Cross & sustain 10.60 for Upside Move!It may touch 10.10 and drop again.
However, 9 is an Important level which
if broken , we may witness 7.70 - 8
Also note that there is a Strong Support
around 7.50.
It has to Cross & sustain 10.60 for Upside Move!
BGL - HIGHER HIGH AND HIGHER LOW#BGL - HIGHER HIGH AND HIGHER LOW!!
▪️Resuming the uptrend after a 17% decline.
▪️ Stock likely to test the 1-Y Long Upper channel resistance Area b/w @ 13.88 - 14.60
▪️Key resistance @ 12.75.
