BRNL - Weekly AnalysisIn the Weekly Chart of BRNL ,
we can see that, it is holding it self near support.
Possible momentums are shown in chart.
BRNL trade ideas
This value stock is being accumulated since 2020.Yes, BRNL (Bharat Road Network Ltd.) is in accumulation phase since 2020 in the range of 25 to 45.
Range BO can give descent returns as mentioned in the chart.
Accumulating can extend to another 6 months or an year.
Stay invested.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
BRNL / Bharat Road Network - Pre Covid High / Consolidation B/OBRNL
1) Time Frame - Monthly.
2) The Stock has been consolidating since January, 2020 and has given a pre covid high breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) BRNL may reach its previous Life Time High in the Long Term.
4) Recommendation - Strong Buy
BRNL- U-turn possible for 2x returns!A penny stock idea with extremely risky investors having excess disposable income.
A monthly closing above 60 will open doors for U-turn.
Levels mentioned. There is no confirmation for same.
I do not invest in such stocks. But the price action is suitable for 2x returns.
BRNL#BRNL chart is showing somehting is cooking though fundamentals are not supporting till date. But I believe that Technicals are ahaid of fundamentals at bottom. Please do ur own analysis before investment.
BRNL LONG Swing Trademest capital indicator has generated an alert of going long in equity for BRNL
Timeframe: weekly
Entry : High price of candel
Stoploss: Low price of candel
Happy trading 🙏
BRNL : Strong Breakout NSE:BRNL
View: Long Term Bullish
BRNL:31 January 2022
Pattern: Double Cure
Observation :
Support of Double curve pattern 26 -28.
BRNL moved up with Trendline as a support
Strong Breakout at 41.55 - 44.15
Accumulate between 41.55 to 43.70 or buy > = 45.
Stop loss not more than 4% for Long term Investment.
Long - Term Target (By July 2024) : 53 - 55 - 60 - 77 - 80 - 100 -139 +++++
bharat road network ltdshare name : bharat road network ltd
call type : poistional
- share is forming a range after a good a fall
- a good consolidation can be seen for the level
of 40.40 and 26.45
- we can accumulate this share above 40.40
after a good candle closing with sl of 35
- approchable targets 53, 80 ++
#BRNL WEEKLY CHART VIEW!!#BRNL WEEKLY CHART VIEW!!
Bharat Road Network Ltd. is consolidating in a narrow range; right above the support zone.
Presently the stock is trading below 20 SMA and likely to see short term bounce if the stock holds 27-29 zone.
Break below 27 on daily closing basis may extend further weakness in the stock.
Technical parameters looks weak as of now.
Keep a watch.
Buy Accumulation BRNLAccumulated stocks can turn from Support 34 levels Looks buy with Target of 40 in coming weeks.SL 34
BRNL WEEKLY CHART VIEW!!BharatRoadNetwork bounced from weekly support zone and strong volume last week shows buyer's interest in the stock.
RSI failing to enter oversold area is a sign of weakness as of now.
Likely to stay positive in the medium term until the stock stays above 30-32 zone.
Keep a watch.
Bharat Road Network Ltd. - Descending Triangle PatternBharat Road Network Ltd.
The stock is trading in a descending triangle pattern & at a support zone in the daily chart.
Until the support of 38-37 is protected on the downside, we are likely to see a strong bounce back after the price breaks out of the triangle pattern.
Technical parameters look neutral to positive as of now.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***This is my personal view. Please take advice from your financial advisor before investing.
