BBTC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of BBTC (Bombay Burmah Trading Corporation Ltd)

📊 Trend Overview

Current Status: Reversing with bullish undertone

Price Action: Trading slightly above both 50-DMA and 200-DMA, indicating a potential trend reversal from previous lows.

52-week Index: 30.2% — significant underperformance, but recent price action shows recovery signs.

📈 Moving Averages

DMA 50: ₹1,890

DMA 200: ₹1,955

Current Price: ₹1,959

✅ Price is above both moving averages, suggesting a bullish crossover and early signs of trend reversal.

📉 Momentum Indicators

RSI (14-day): 61.8 — Bullish zone, approaching overbought territory. Indicates strength but may signal short-term pause.

MACD: +19.9 — Bullish crossover, confirming upward momentum.

Volume: 31,986 vs 1-week avg of 68,313 — Below average, suggesting weak participation and lack of conviction.

📊 Bollinger Bands

Price is near the upper band, indicating bullish momentum but also potential short-term volatility or a pullback.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,890 50-DMA, immediate support

Support 2 1,800 Previous swing low

Resistance 1 2,000 Minor resistance zone

Resistance 2 2,150 Previous consolidation peak

Resistance 3 2,400–2,500 Medium-term target if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹1,890–₹1,950 range on pullback with volume confirmation.

Exit Zone: ₹2,050–₹2,150 for short-term traders; ₹2,400+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI strong, and price above key averages suggest continued momentum.

However, low volume and negative quarterly earnings (-₹12.2 Cr) raise caution.

Watch for breakout above ₹2,000 with volume surge to confirm trend continuation.

🧭 Summary

Trend: Reversing with bullish bias

Momentum: Strong technically, but volume and fundamentals temper enthusiasm

Technical Rating: 3.7 — Constructive setup with breakout potential, but confirmation needed

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