Lestat777

(Repost) Bharat Forge Long Thesis

Long
BSE:BHARATFORG   BHARAT FORGE LTD
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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.

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