Breakout with huge volume in Bharat Rasayan Limited
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...
Triangle breakout pattern in Bharat Rasayan limited.....
- Bharat Rasayan showed similar pattern and gave breakout today, increase in volume might take this stock to 13500 levels.
Buy above 12650 Target 13650, target 3 days. SL 12500
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
BHARAT RASAYAN BUY short term, medium term, long term Bullish idea