Technical view by Nooresh

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

Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 6 comments… add one }
  • Sachin Gupta February 24, 2012, 17:29

    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,



    • nooresh February 27, 2012, 08:59

      Hi Sachin,

      THats what even i am trying to find out.

  • Gulshan February 28, 2012, 15:24

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

    • nooresh February 28, 2012, 15:39

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

  • SHEKHAR SHEVDE March 2, 2012, 23:33

    pl let me know the target for bbtc

    • nooresh March 4, 2012, 15:40

      Hi Shekhar,

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


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