Buy Bosch Ltd below 14900 stop loss 14200 (hourly closing) target 16300-16600
It is trading in perfect downward sloping parallel channel. 26 week RSI has shown upside cross over. Daily RSI and MACD are showing positive momentum to continue for some more time. Logg scale resistance of falling trend line is at 16200-16400.
We are bullish only for very short term time frame of 15-22 trading sessions. It has to still broke out above falling trendline to signal change in short term trend.
If it moves to 16000 before touching buying zone then this view will be negated.
It is trading in perfect downward sloping parallel channel. 26 week RSI has shown upside cross over. Daily RSI and MACD are showing positive momentum to continue for some more time. Logg scale resistance of falling trend line is at 16200-16400.
We are bullish only for very short term time frame of 15-22 trading sessions. It has to still broke out above falling trendline to signal change in short term trend.
If it moves to 16000 before touching buying zone then this view will be negated.