Buy if sustains above 601 for the targets of 612, 622, and 632 until 589 is saved on the downside.
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There seems to be an Inverse Head & Shoulder pattern breakout with good volume. Moreover, RSI above 65 indicates bullish momentum.
It broke 2 YEAR OLD TRENDLINE & RETESTED DONE,
It, also broke INVERTED HEAD & SHOULDER NECK-LINE.
If Resistance Breaks, Then Next Possible Target Is 670 !
NOTE: THIS ANALYSIS BASED ON 1 WEEK TIME FRAME)
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Educational Purpose Only !
Bharatforge gave BO on 13 Aug, since that it has been consolidating. Looking at the chart structure it may give BO. Buy would be recommended above 515 for the target 530.
