(Repost) Bharat Forge Long Thesis
Hi I am new here so this will seem cave man like. I am still figuring this set up out but I think this is a great stock from a technicals and fundamentals stand point.
Technicals:
Great trading volumes
Relatively low RSI & CCI despite the upward moves
Another interesting thing to note is the movements this stock has been showing this entire month... pretty big buying blocks vs selling blocks even when there is greater market pressure downward
Fundamentals is a long discussion but check out all accounting related forward ratios and do a comparables study (I wont share mine)
Feel free to comment or ask questions
Needless to say I put my money where my mouth is.
Technicals:
Great trading volumes
Relatively low RSI & CCI despite the upward moves
Another interesting thing to note is the movements this stock has been showing this entire month... pretty big buying blocks vs selling blocks even when there is greater market pressure downward
Fundamentals is a long discussion but check out all accounting related forward ratios and do a comparables study (I wont share mine)
Feel free to comment or ask questions
Needless to say I put my money where my mouth is.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.