rdkriplani

Bombay Dyeing - Breakout Candidate

NSE:BOMDYEING   BOMBAY DYEING &MFG
Highest weekly close on the weeklies since the news of the sale of land broke.
There is a chance it gets follow thru and breaks out above 169..
There is a key level around 176 but once that gets taken out (which i think will happen) the next level is 200+. THere is a gap to fill above 205 upto 217 and if and when that gets taken out we can look for new all time highs.

SL for a fresh entry would be below 160. If holding then continue to hold because this co could show a lot of strength esp if they can announce the launch of new projects soon.

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