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CA Omkar Bhutada - SEBI Reg IA

23rd Jul 2025 ยท SEBI-Registered Analyst

๐Ÿ“ˆ Bombay Dyeing (BOMDYEING)

BOMDYEING
โœ… Breakout Above Major Resistance Level Broken: โ‚น174 (shown by red horizontal line) โ€” previously acted as strong resistance. Current Price: โ‚น177.50 (+7.5% on volume) โ†’ clean breakout with strength. Volume Spike: 3.76M shares โ€” confirming breakout validity. ๐Ÿ“Š MACD (Momentum Confirmation) MACD Line (Blue): 4.08 Signal Line (Orange): 3.79 Histogram Positive: Indicates bullish momentum is rising. ๐Ÿ“Œ Structure Observation Large accumulation base between โ‚น125โ€“โ‚น175 for last 10+ months. Rounded bottom formation + breakout = strong bullish pattern. Next resistance zone around โ‚น200โ€“โ‚น210. ๐Ÿ“Œ Summary Verdict: Technical Bias: Bullish breakout with volume & MACD confirmation. Short-Term Target: โ‚น190โ€“โ‚น200 Stop-Loss Suggestion: Below โ‚น168 (to protect against failed breakout)

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BOMDYEING_2025-07-23_09-39-22.png
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