BHARATFIN Rising WedgeBharatfin has been moving in a slow rising wedge for few months. Currently testing the median. Awaiting a reversal or a breakdown.
BHARATFIN
BHARATFIN BAT PatternBharatfin just broke out of the 618FIB n heading towards completion of the possible BAT Pattern.
BHARATFIN Triangle BreakoutBHARATFIN is moving in a triangle for a while, closing in at the tip, awaiting a break in either direction.
BHARATFIN Head_n_Shoulders BreakoutBHARATFIN completed the head & shoudlers and is testing the neckline, in a triangle
BHARATFIN Breakout/Reversal ZoneBHARATFIN is moving in its breakout/reversal zone.
Breakout of the zone can give a push to test the highs of 940 which hasnt been crossed since 2011.
A play of support and resistance levels can be seen on the chart along with the channels.
Can retrace before it can retest the sup/Res levels.
Bharat Financial - HnS in the makingBharat Financial is making a HnS and could very well prove to be the stock to watch-out for in coming months. Buy and Hold in cash with recent low as stoploss and ride well above the breakout.
Bharat financial Buy Pennant BreakoutThe stock is clearly in Bull's hand moving vertically. Pennant pattern has given breakout yesterday with increased volume. It looks very promising for trading as well as investing. Traders can book profit around previous High approx 925 by providing SL 840. Investor can expect at least 25% capital appreciation for their patience.
BHARATFIN can touch 830 and 855 in short termBharat Financial looks good for a short term target of Rs. 830 and 855.
The logic behind my prediction is :-
1. The stock has crossed both 20 and 50 Exponential Moving Averages and both the Averages are rising.
2. The Awesome Oscillator is trending upwards and if it crosses zero line chances are the stock may also touch 855 and 887 which are Fibonacci resistance lines.
3. Today's rise is supported by large volumes in the Stock which is 2.482 Mio. as against 8 Days Average Volume of 1.424 Mio.
4. And finally the Stock can be bought only between Rs. 800 and Rs. 805 and not jump blindly if the stock jumps suddenly tomorrow morning.
Please do not follow my Advice as this is just a prediction for my study purpose.
