BASF INDIA ANALYSIS

FOR LEARNING PURPOSE

BASF INDIA - The current price of BASF INDIA is 4062.5 rupees

I am going to buy this stock because of the reasons as follows-

1. Its coming out from a good consolidation base

2. The breakout candle is good with great volume

3. Its giving 3 year high break after some rest and making ATH

4. It is showing better relative strength as it stood strong in volatile times

5. The risk and reward is favourable

6. This stock has underperformed in last few years but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks

I am going to buy this on Monday with minimum target of 35-40% and then will trail after that.

My SL is at 3520 rupees
I will be managing my risk.