#BHARATWIREBoxBO
Bullish Wedge
Reversal confirmation
TGC
CCI(D) crosses 100 with strength
Volume Support
Target 141 / 148 / 160
SL 114
Duration: 2 weeks
BHARATWIRE trade ideas
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 !!!!!!!!!!!!!
Bharat Wire Ropes - Break OutBharat Wire Rope had given BO from Triangular Wedge, Re-tested BO level and now has started to move higher with hitting ATH today. Additionally, good volumes today.
Bharat Wire Ropes - #WatchlistThe stock has been under a year of consolidation and has tried multiple times in the past to cross the resistance barrier as indicated in the charts. The stock has seen a good round of time correction in the stock after a blistering performance preceding this consolidation phase. Moving ahead, if the stock manages to give a sustained close above the mentioned region, then the stock might begin its second leg of its journey it halted in the beginning of this year.
bharat wiresBreakout from H&S with Increasing volume.
First small target 116, but if we get tis right than can move towards 150,
