#Update | 🔍 #OnRadar
#BclInd (BCL Industries Ltd.)
📈 Base 2 Brewing—Will History Repeat?
CMP: 47.09
📌 Previous Discussion Recap:
Previously highlighted #BCLIND around 32 with a support zone near 27. The stock made a low of 27.61 and then rallied up to 86.25 (pre-stock split 1:10) — a significant move.
Technical View — Monthly Chart (Educational Purpose Only):
BclInd is showing signs of continuation of the #ParabolicMove. Earlier, it broke out from #Base1 at 19.57 and rallied up to 52.50 — an impressive ~270% move in just 10 months.
Currently, it appears to be forming #Base2 structure.
📌 Confirmation Level: Monthly close above 86.25 (ATH) may validate the continuation of the move.
🧐 Will the parabolic momentum resume?
If the parabolic structure repeats, this could evolve into a strong long-term breakout — worth tracking closely.
⚠️ Disclaimer: This is not a buy/sell recommendation. Please consult your financial advisor before making any investment decisions. This post is purely for educational and observational purposes.
#TechnicalAnalysis | #PriceAction | #ParabolicCurve | #LongTerm
#BclInd (BCL Industries Ltd.)
📈 Base 2 Brewing—Will History Repeat?
CMP: 47.09
📌 Previous Discussion Recap:
Previously highlighted #BCLIND around 32 with a support zone near 27. The stock made a low of 27.61 and then rallied up to 86.25 (pre-stock split 1:10) — a significant move.
Technical View — Monthly Chart (Educational Purpose Only):
BclInd is showing signs of continuation of the #ParabolicMove. Earlier, it broke out from #Base1 at 19.57 and rallied up to 52.50 — an impressive ~270% move in just 10 months.
Currently, it appears to be forming #Base2 structure.
📌 Confirmation Level: Monthly close above 86.25 (ATH) may validate the continuation of the move.
🧐 Will the parabolic momentum resume?
If the parabolic structure repeats, this could evolve into a strong long-term breakout — worth tracking closely.
⚠️ Disclaimer: This is not a buy/sell recommendation. Please consult your financial advisor before making any investment decisions. This post is purely for educational and observational purposes.
#TechnicalAnalysis | #PriceAction | #ParabolicCurve | #LongTerm
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.