Bharat Rasayan - Target 16000 - 25% gain
Why to buy ?
1. The stock is at 0.618 fib
2. Took multiple support at the green line
3. Positive divergence in RSI ( RSI making higher lows)
4. Support of 200 EMA. ( Earlier too the stock took support of 200 EMA and showed a healthy jump)
5. Decrease in volumes( Sale volume)
6. Large green candles
7. Triangle pattern
Buy between 11800 to 1200
Target - 16000 ( at 0.786 fib extension)
Stop Loss - As per your own risk
Views are for educational purpose only.Do consult your financial advisor before trading.
1. The stock is at 0.618 fib
2. Took multiple support at the green line
3. Positive divergence in RSI ( RSI making higher lows)
4. Support of 200 EMA. ( Earlier too the stock took support of 200 EMA and showed a healthy jump)
5. Decrease in volumes( Sale volume)
6. Large green candles
7. Triangle pattern
Buy between 11800 to 1200
Target - 16000 ( at 0.786 fib extension)
Stop Loss - As per your own risk
Views are for educational purpose only.Do consult your financial advisor before trading.
Trade active
Entered at 11820
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