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keep sl small sl
candle pattern: Inverted Hammer (bullish)
Volume increased as well as Price.
Best Entry Levels: @ 80.65 - 80
T+2 Tgts: @ 82.8 - 84.70 - 85.55 (for more follow FIB Tgts.)
Closing SL': @ 79-, TSL': @ 76-
Education purpose only.
Volume & Price Action suggests bottoming out formation, can be bought near cmp with SL 147-8 CB.
BGR Energy has been in strong uptrend forming a series of higher highs and higher lows. Last two days there has been good upmove again after some price and time retracement with good volumes. A important resistance zone was broken yesterday which is sign that bulls have regained control. The stock has formed a good rounding at the bottom ( Rounding Bottom),
BGR Energy, after forming a 2-year long triangular consolidation with base in a rectangular consolidation finally broke out above 152. It has now formed a flag pattern. Looks good for an entry