Re: MY CHARTS-BILT Chart pattern
Hi,
I hold BILT stock. Bought around 123 last week based on the assumption that it is stuck in a upward trend channel, Price target being around 133 Rs.
Please look at the updated daily chart again, EOD 3 Nov-06
It shows that support line being penetrated, signalling that there is a weakening of the trend.
However if I look a the the candle stick chart for the last few days it indicates a formation of
Tweezer bottom, which is a Bullish reversal pattern.Also there is Dozi line on the last day, because the stock has neared the support.
Based on these observations should I continue to hold this stock or exit with a loss.
Thanks and Regards,
Vikranth