my view on BHARAT WIRE AND ROPES
Updated
as i see the stock it still has a good down side left .
and in the worst case can even comes to 77 rupees -80 rupees range as well!
in SHORT TIME FRAME the stock holds good support in range of 100-105
MIGHT SEE SOME dead cat bounce AT THESE POINTS BUT overall structure of the stock tells me TO STAY AWAY from the stock
and on the upside the stock faces resistance at 130 levels
thus wen the risk reward ratio is not favourable i would better avoid it !!!!!!!!!!!!!
and in the worst case can even comes to 77 rupees -80 rupees range as well!
in SHORT TIME FRAME the stock holds good support in range of 100-105
MIGHT SEE SOME dead cat bounce AT THESE POINTS BUT overall structure of the stock tells me TO STAY AWAY from the stock
and on the upside the stock faces resistance at 130 levels
thus wen the risk reward ratio is not favourable i would better avoid it !!!!!!!!!!!!!
Note
time to go short!!!!!!!!!!??????????? lets seeeeeeeeeeeeeeeeeeeTrade active
Note
look at my FEB 4 comment !!!!!!!! , was there anything related to current levels of 105!!??
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