$BharatGears Overview:
Sector: Auto and Auto Ancillary
CMP: $806
Market Cap: ₹160 Cr | Sector PE Ratio: 43.70
52W High/Low: ₹136.65 / ₹98.10
All Time High/Low: ₹172.63 / ₹3.21
Analysis:
Rally from ₹14 in March 2020 to current high of ₹172.63, retracing to ₹104.50.
Breakdown from lower Bollinger Band, showing signs of reversal.
Near 50% Fibonacci retracement...
Bharat gear CMP:245. Buy some Qty at CMP and add more if you get around 220 level. Sl:190(wcb) target: 300/360/410. Good volume buying in last few week.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high...
NSE:BHARATGEAR
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Multiple patterns can be seen in bharatgear
Cup and handle / rounding bottom / Flag.
the stock has been trying to break the weekly resistance multiple times indicating a good upmove for the stock.
once the stock closes above the resistance zone of 188 - 193 one can take a long position in the stock for (short term) target of 209.3 and further of 221
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it may or may not be a potential trade but I am sharing chart analysis for more practice.
all the newbies trader don't go for calls & tips
do your own analysis by doing more practice & seeing chart patterns everyday
Give yourself a target of minimum 100 charts daily basis for drawing chart patterns.
I will keep posting charts with great learning tricks
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