Market_beat3r

Tough Times Ahead for Bharat Forge?

Short
NSE:BHARATFORG   BHARAT FORGE
-Stock broke key trend line on weak earnings .
-Stock retested the trend line and failed to stay above it.
-Stock moved below 50 and 200 DMA recently.
-Selloff on high volume .
-Bearish MACD and RSI .
-Slight bullish divergence on Stochastic so the stock may see a day or two of relief rally but long-term outlook doesn't look rosy.

Not an investment advice. Do your own due diligence.
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