BHARAT RASAYAN Bullish Reversal,
Updated
Stock has made bottom for near term.
Volumes are rising steadily, 11800 may act as resistance but it will most likely be breached as volumes are picking up.
RSI in overbought zone
Buy with a stop loss of 11430 on closing basis.
Target 12848 & 14150
If incase stop loss is taken, renter when stock price trades above 11500 with same Stop Ioss.
I expect first target to achieve before end of Q4.
I study only price action & volumes.
Please do your research accordingly before drawing any conclusion.
PS. I am long since 10500 Levels
Volumes are rising steadily, 11800 may act as resistance but it will most likely be breached as volumes are picking up.
RSI in overbought zone
Buy with a stop loss of 11430 on closing basis.
Target 12848 & 14150
If incase stop loss is taken, renter when stock price trades above 11500 with same Stop Ioss.
I expect first target to achieve before end of Q4.
I study only price action & volumes.
Please do your research accordingly before drawing any conclusion.
PS. I am long since 10500 Levels
Trade active
Target 1 Achieved, Hold position with revised stop loss at cost.Note
Target 2 achieved, Can be trailed or else book.
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