Monday, June 11, 2018

Breadtalk: Upside may continue above this key level, price 1.03, System says?


More than a week back, we spotted some bullish actions with Breadtalk holding above the 0.90 support level…


Some selling seen near 0.95 in the short term but longer term uptrend looks intact…


Was expecting some upside soon with a potential move towards 0.95..


Towards our first target at the critical 1.00…


See what was drawn below..




Over the past few days, we have indeed seen our target hit at 1.00 but some profit taking set in which is normal.


But then the bulls did not give up and manage to push through that 1.00 level on Friday too…


Looking good with uptrend intact above 1.00 now?


See upside targets that were revised upwards as it happened…. May still be playing out as drawn…


Separately, we had a 1ET BULLISH Entry signal recently…. before the move started… still no exits…. Shhh….. PTI grads can check….


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