Watchout for 4-year-old resistance BO

٤ يونيو ٢٠٢٢

The stock is testing it's 4-year-old resistance and has given a bullish engulfing weekly candle. Buy above 71.45 level for further upmove. Possible targets are marked on the chart.

There is a possibility that it might retrace before breakout so just keep on radar for coming days.

Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.

Learn & earn,

Dr . Tanya Kumar