Bharat Financial looks good for a short term target of Rs. 830 and 855.
The logic behind my prediction is :-
1. The stock has crossed both 20 and 50 Exponential Moving Averages and both the Averages are rising.
2. The Awesome Oscillator is trending upwards and if it crosses zero line chances are the stock may also touch 855 and 887 which are Fibonacci resistance lines.
3. Today's rise is supported by large volumes in the Stock which is 2.482 Mio. as against 8 Days Average Volume of 1.424 Mio.
4. And finally the Stock can be bought only between Rs. 800 and Rs. 805 and not jump blindly if the stock jumps suddenly tomorrow morning.
Please do not follow my Advice as this is just a prediction for my study purpose.
The logic behind my prediction is :-
1. The stock has crossed both 20 and 50 Exponential Moving Averages and both the Averages are rising.
2. The Awesome Oscillator is trending upwards and if it crosses zero line chances are the stock may also touch 855 and 887 which are Fibonacci resistance lines.
3. Today's rise is supported by large volumes in the Stock which is 2.482 Mio. as against 8 Days Average Volume of 1.424 Mio.
4. And finally the Stock can be bought only between Rs. 800 and Rs. 805 and not jump blindly if the stock jumps suddenly tomorrow morning.
Please do not follow my Advice as this is just a prediction for my study purpose.
Trade active:
1st Target of Rs. 830 achieved. Waiting for second Target.
Today, CNBC Awaaz gave T20 Tips of which 19 were for Buy and only Bharat Financial was a Sell Call.
Today, CNBC Awaaz gave T20 Tips of which 19 were for Buy and only Bharat Financial was a Sell Call.
Trade active:
Happy to see my predictions of both the targets getting achieved despite overall weakness in the market. Hope to achieve next target of Rs. 887.00 with a stop loss of Rs. 835.00