Will history repeat itself?
Bombay Dyeing has a very strong support line (purple) from where the price always bounces back.
The blue line (140.5) is a strong resistance zone. In 2017 the stock gave a good monthly trendline Breakout.
Now same price action is repeating itself in 2023 with a monthly trendline formation. Price will move fast in either direction from the zone.
This idea is purely educational as we are yet to see how price behaves when it reaches this zone. Just keep this set-up on Radar!
Learn & Earn,
Dr. Tanya Kumar
The blue line (140.5) is a strong resistance zone. In 2017 the stock gave a good monthly trendline Breakout.
Now same price action is repeating itself in 2023 with a monthly trendline formation. Price will move fast in either direction from the zone.
This idea is purely educational as we are yet to see how price behaves when it reaches this zone. Just keep this set-up on Radar!
Learn & Earn,
Dr. Tanya Kumar
For high probable swing picks, join t.me/EquityResearch_PAC_bot
TG channel t.me/priceactionchart
My TG ID @tanya151181
Course details:
tinyurl.com/PAC2COURSE
All Ideas posted by me are for Educational Purpose.
TG channel t.me/priceactionchart
My TG ID @tanya151181
Course details:
tinyurl.com/PAC2COURSE
All Ideas posted by me are for Educational Purpose.
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