Bosch - Shooting Star - expect profit booking
$BOSCHLTD has broken above a major long-term trend line resistance, keeping the broader trend strongly bullish. However, the recent shooting-star formation near the highs signals profit booking and the possibility of a short-term reversal. The ₹44,000–45,000 zone becomes an important support area, while ₹47,000–48,000 remains the immediate resistance zone. A pullback towards support would be healthy as long as the breakout structure remains intact.
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