Bombay Burmah Trading Corp - Head & Shoulder Pattern & Retest!!

Bombay Burmah had given breakout of Head & Shoulder pattern and now has entered retest zone on a monthly time frame. It is looking good and can move towards our targets as mentioned in the chart. Other factors:

1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions.

2. Stock price is taking EMA 20 as a support on MTF

3. Holds 50% in one of the largest FMCG Co. Britannia - FMCG sector should revive and should give tailwinds to this stock.

4. Hold many dimensional business and EPS is increasing on a YoY basis

Keep this stock in your radar!! Keep following Cleaneasycharts as we provide Right Stock at Right Time at Right Price !!

Cheers!!!