Bharat Rasayan : Extended 5th Classical set upBoth 3 and 5 are extended. What a trade it turned out to be !!!
BHARATRAS trade ideas
Bharat Rasayan - Pending breakoutA popular stock and strong chemical player with super strong ROE and ROCE.
Breakout above 7100. Target is marked.
SL 2.5% below purchase price.
Bullish Two month's target 8050.If it crosses 8050-7950 rangein two months, it will be in breakout mode
bharat rasayan levelsbharat rasayan is at support if it breaks the trend line then it may go upto 3850
Bharat Rasayan: Good R/R, but only after market StabiliseBharat Rasayan: Good R/R, but only after market Stabilise
In bullish trendIn short term a low may be seen at 6118, breakout will occur once it crosses 6946. Previous ATH likely to be challenged in June or there after.
In short term may consolidate but overall bullishMay see a level of 6090-6100 in near term. Intermediate term target is 7100 beyond which it will break out free.
Short term bearishSupport at 5750, If it turns bullish and overcome a number of descending resistance levels, intermediate target will be 6950
Bullish and on supportHolding support at 6585. If it turns bullish in short term, a level of 7960-8000 can be seen.
BullishImmediate resistance is at 6324. If this is crossed and the stock closes above 6464 on 23rd October, the stock will break out for fresh bull run.
May break out of consolidation if resistance is broken. May break out if 4231 is crossed on closing basis and in such a case, a target of 4750 in intermediate term can be kept.
Bharat Rasayan_ should crosss the trend line for upmove....Bharat Rasayan_ should crosss the trend line for upmove....Pls share your opinion too.
Bharat Rasayan: Ready for an upmove?TL breakout... Soon it is expected to trade above 200 DMA.
Lets see if it achieves targets shown in charts.
Bullish but could not cross resistance today. Came back after hitting resistance. If it happens to close above 4697 tomorrow and remains bullish, a target of 5747 can be seen in intermediate term
Consolidating with short term positive biasSupport is at 3860, resistance at 4460, intermediate term target is 5100
Broke resistanceSupport now is at 3811, if resistance at 4411 is crossed and the stock remains bullish then the next target will be at 5011
