Bombay Burmah Trading Corporation Limited is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the stock, and indicates negative development for the company. The moving average indicator has given a positive signal. In isolation, this signals a continued rise, but the slowness of the indicator often means that one has lost much of the upside. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 864 rupee. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the falling trend and could be an early signal of a coming trend break. The stock is overall assessed as technically positive for the medium long term. >
