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Bharatwireandropes

Bullish Inverted H&S Pattern BO in Bharat WiresIntroduction: Bharat Wire Ropes Ltd. engages in the manufacture and sale of steel wire ropes, wire strands, and wire rope slings. Its products include different types of ropes including general purpose ropes, fishing, crane, structural, elevator, mining, oil and gas, and shipping ropes. It also offers mechanically spliced and hand spliced slings, earth wires, stay wires, and spiral strands. The company was founded in 1986 and is headquartered in Mumbai, India. Analysis A Bullish Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:BHARATWIRE NSE:IWEL with huge volume. MACD gave Positive crossover on Daily, Weekly and Monthlychart. So, expecting the momentum to continue. One can create a fresh position in the scrip near Rs. 290-300 levels with the stoploss of Rs. 280.05 on Daily closing basis for the following targets 305.15, 312.25, 321.05, 329.15, 335.60, 342.05, 348.95 and 354.90. Risk Disclaimer: The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions. The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided. Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose. I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
NSE:BHARATWIRELong
by raigvivek
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. # 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.
NSE:BHARATWIRELong
by nikunjbhadja
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.
NSE:BHARATWIRELong
by nikunjbhadja
Bharat Wire and RopesBullish view on Bharat wire and Ropes CMP:- 112.50 SL:- 108 Target :- 118 Technicals RSI 64 on Daily time frame Taking support of Horizontal trendline, which was acting as resistance previously (from August 2021 till august 2022) stock went up till 138 and then corrected taking support of fibonacci level. Stock is trading above both 50 SMA as well as 200 SMA. Fundamentals Promoter has reduced their holding by nearly 3% in last one year and by 0.03% in last quarter. Follow SL strictly if promoter decided to sell their stake further stock might correct sharply. Disclaimer :- This is not any buy or sell recommendation, this analysis is just for educational purpose. Take any buy or sell call only after consulting with your financial advisor. Keep Learning, Keep Growing !!
NSE:BHARATWIRELong
by TradingWithVerma
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