Swing Trade (1-2 weeks): Can touch 56 Looks good in weekly, daily and hourly chart, moving in up-direction broke a weekly trend line and can change the direction of downtrend to upwards. For swing there seems a good trade @ 51 with SL of 45 for 65 and further to 80. As soon as it crosses 57 this becomes a good short term positional hold for 88/120+. When taking...
RSI positive divergence supports recovery in auto ancillary space. Bharat Gear has recovered from 55 to 74.5 in 5 days. Next target is 102 in about a month.
#Buy Bharat Gear in Range- 180 to 195 (Avoid Buying below 180) Stop Loss- 140 Target- 240-300-350++ Time Frame- 5-6 Months.
In daily, cup and handle formed and breakout happened with high volume, in weekly price is in strong uptrend and sustaining above 20 ma, with s l - 175, 1st tgt - 245, 2nd tgt - 280
Bharat' Gears:142 breaking a symmetrical triangle and a long term trend line.60 points wide is the triangle at bring can bring the price down to 80 level. Symmetrical Triangle are Continuation pattern, but there are instances when they mark important trend reversals. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major...
Bhartgear has been Sideway from many days, Closing Above 118.80 Calls for Buy for Mid to Long Term Traders with Agressive SL : 110.80 (Given Trade Is Not For Soft Hearted Trader's) *Note: The Given Trade is Personal Opinion Not Recommendation!