BOMBAY DYEING & MFG. CO L
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BOMDYEING - Weekly Chart Analysis, CMP-181.95

The stock coming out of a downtrend, it rallied without any consolidation since then. It went in a base formation of 18Weeks and range of 28% it has broke on decent volumes.
Stock sailing above its key moving averages.

155-164 zone shall now act as good support and a weekly close with follow through will invalidate our view.

197 - 205 - 213 - 270 - 321 are the levels that shall be tested over the long term.


Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.

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