There is a clear opportunity in Bharat Rasayan Ltd .The price is near a trendline support , a golden fib support and a previous resistance support . The promoter holding and FII / DII holding has increased , this shows some good buying sentiment in this stock .
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...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
