Bharat Rasayan - Target 16000 - 25% gain

Shadab_07 Updated   
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

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Trade active:
Entered at 11820

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