Bombay Burmah –Investment pick on verge of Breakout.

bombay burmah

 

 

Bombay Burmah Trading Corporation --- On verge of a huge breakout… Good Volumes seen over the last few days.

 

Expect a move to 500-550 in short term.

 

Disclosure: Advised to clients

6 Comments

  1. Sachin Gupta
    February 24, 2012

    Dear Nooresh,

    Can u let me know whether Bombay Burmah is holding stake in GO Air. And if yes then thru which company.

    Thanks in Advance,

    Regards,

    Sachin

    Reply
    1. nooresh
      February 27, 2012

      Hi Sachin,

      THats what even i am trying to find out.

      Reply
  2. Gulshan
    February 28, 2012

    Is this a faaling wedge breakout. If yes , how have u arrived at the target price?

    Reply
    1. nooresh
      February 28, 2012

      Its a technical + fundamental pick. Expecting it to re-test highs.

      Reply
  3. SHEKHAR SHEVDE
    March 2, 2012

    pl let me know the target for bbtc

    Reply
    1. nooresh
      March 4, 2012

      Hi Shekhar,

      Its an investment call but booking partial profits at 550-600 is advised.

      Reply

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