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Bharatrasayan

BHARATRASBHARATRAS:- Symmetrical triangle pattern is formed, you can plan for side confirmation if you get side breakout, till then keep your eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BHARATRASLong
by AjayDhakad_Keep_it_simple
Bharat Rasayan - Target 16000 - 25% gainWhy 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.
NSE:BHARATRASLong
by Shadab_07