Its forming a Round Bottom chart Pattern on the Weekly Time Frame
Buy Bharatwire Above 46 Strict SL - 30 (WCB) Target - 70+++
Buy Bharat Wire At Cmp 35 Strict SL - 27 (WCB) Target - 70
BHARATWIRE - PVXP- CNH 19 Feb 2021 - CMP 43.70 RSI above 75 + Breakout above Cup and handle pattern. Buy Now and in dips till 40. SL 30 TGT 50 / 65 / 75 / 90 Learning purpose only
Swing Setup on Trend-line: Can see 30/38 in few weeks: Looking at daily trend line and hourly trend line one can initiate swing trading as soon as price breakout the box, around 25 would be a good entry for 30/38/48 with SL of 22. For short-term positional pick it would be great entry above 48 with confirmation on daily level for 78/112 with SL of 38. Note: I am...
BoxBO Bullish Wedge Reversal confirmation TGC CCI(D) crosses 100 with strength Volume Support Target 141 / 148 / 160 SL 114 Duration: 2 weeks
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...
Bharat 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.
The 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...
Breakout from H&S with Increasing volume. First small target 116, but if we get tis right than can move towards 150,