The rally in Bombay Dyeing could halt post results

1 thg 11, 2023

The stock will come out with its quarterly results tom. The rally has halted at the 50% Fib retracement of the entire swing. The oscillators have reached overbought zone. There is divergence on Daily charts at this imp resistance. It made a big candle around the recent highs of 174 with huge volumes on the daily charts. This is an indication of retail entering the counter. The stock can just take a U turn from here.