BHARATWIRE
BHARATWIREBHARATWIRE :- If the stock sustains the upside in tandem with the breakout, then we may see an upside moment.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Ajay.
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Bharat Wire Ropes Limited - Long Setup, Move is ON...#BHARATWIRE trading above Resistance of 262
Next Resistance is at 417
Support is at 132
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BHARATWIRE - Ichimoku Bullish Breakout Stock Name - Bharat Wire Ropes Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 182
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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BHARATWIRE - Ichimoku Bullish Breakout Stock Name - Bharat Wire Ropes Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 144
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
YR 2022 Idea #154: Long on BHARATWIRE This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
my view on BHARAT WIRE AND ROPES as i see the stock it still has a good down side left .
and in the worst case can even comes to 77 rupees -80 rupees range as well!
in SHORT TIME FRAME the stock holds good support in range of 100-105
MIGHT SEE SOME dead cat bounce AT THESE POINTS BUT overall structure of the stock tells me TO STAY AWAY from the stock
and on the upside the stock faces resistance at 130 levels
thus wen the risk reward ratio is not favourable i would better avoid it !!!!!!!!!!!!!