narsinva
Long

BHAGERIA : Reversal on the cards

NSE:BHAGERIA   BHAGERIA INDUSTRIE
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Price action has been trading in a descending triangle pattern after a sharp up move. Also retracements are weakening which indicates a possibility of trend reversal. Once closes above 333, one can initiate longs with safe SL and ride as it goes up. Beware of fake breakouts, has been common nowadays.
Comment: Did not know that quarterly results were announced on 28th. Gapped down due to bad Q1 results.
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