BHARAT FORGE LTDLong
BHARATFORG Ready for Upmove ??!!
Updated
Chart pattern does insist me to go with above titled opinion
REASONS
1. Bharatforg has been trading inside Expanding triangle and currently it is under its upswing move inside the major expanding triangle.
2. In Weekly timeframe, there is a Bullish Pennant formed and Breakout has happened it seems( volume not so good)
3. Target and SL mentioned @ chart
4. SL(less risky) can be Day candle closing out of dark blue Ascending channel.
5. Pink trendline (884 level) seems tough and Day close above that line may confirm the bulls approach !!!
Let's wait and watch how it moves!!!!
Note- Just Sharing my view....not a tip nor advice!!!
REASONS
1. Bharatforg has been trading inside Expanding triangle and currently it is under its upswing move inside the major expanding triangle.
2. In Weekly timeframe, there is a Bullish Pennant formed and Breakout has happened it seems( volume not so good)
3. Target and SL mentioned @ chart
4. SL(less risky) can be Day candle closing out of dark blue Ascending channel.
5. Pink trendline (884 level) seems tough and Day close above that line may confirm the bulls approach !!!
Let's wait and watch how it moves!!!!
Note- Just Sharing my view....not a tip nor advice!!!
Note
day close above that pink trendline....but candle looks weak!!!Order cancelled
as we expected, that range (pink line) is toughweekly time frame is good...let's see may be 787 there is support!!!
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