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    Stock Radar: 19% rally since November! What is fuelling a rally in Bombay Burmah Trading Corp?

    A break above the falling trendline with strong volumes on the daily charts earlier in December is a positive sign.

    Synopsis

    The stock rose from Rs 914 recorded on November 28 to Rs 1,036 as on December 5. It closed at Rs 873 as on October 31, which translates into an upside of nearly 19%.

    Bombay Burmah Trading Corporation, a part of the packaged foods industry, has rallied about 19% since November and over 13% in the last week of the month, which helped the stock breakout from a falling trendline resistance pattern.The stock rose from Rs 914 recorded on November 28 to Rs 1,036 as on December 5. It closed at Rs 873 as on October 31, which translates into an upside of nearly 19%.A break above the falling trendline with strong
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