Vasanth_A

#11,BHARATFORGE (Confluence Breakout)

Long
Vasanth_A Updated   
NSE:BHARATFORG   BHARAT FORGE
Reasons to BUY:

  • Good Volume
  • Formation of Inverted Head & Shoulders
  • Price is heading towards the Resistance of Parallel Channel of Daily TimeFrame
  • The chart looks attractive with the confluence point
  • Relative Strength is above 60

Enter when the price breaks the confluence point.
Exit when the price breaks down the support trend line ( green Line)

Educational Purpose! Trade with proper risk management!

Order cancelled:
Confluence Point did not break. Wait for the resistance trendline (Red Line) to break in case you want to enter into this stock.
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