Bharat Gears Trend line BreakoutPositional Trade: Bharat Gears breaks out of a descending trend line.
Buy: Bharat Gears
Last Close: 112
Target: Open
Stop Loss: 104
BHARATGEAR trade ideas
BHARATGEAR LONG#BHARATGEAR #Chart #Investment
*After BO on WTF, BO is retested &stock is consolidating.
*Good Volumes
*Giving signs of one more Triangle BO.
*167 needs to be taken off for a new ATH.
*Good R.R.R.
*Can be added in small quantities.
BHARAT GEARS- BREAKOUT WITH GOOD VOLUMESBUY AT AROUND 105-108 LEVELS. STOP LOSS 95. TARGETS FOR MEDIUM TEAM 130-140
BHARAT GEARS !! AMAZING BREAKOUTcan be held for short - medium and long term..
Manage own Risk Reward..
Last quarter was turnaround.. will need one more quarter to confirm turnaround..
company posted profits almost after 5-7 quarters.. investing small currently with tight SL
after results and commentary will dare to add more !
Chart suggestion and Credit to : CA GOPAL LATHI ji ..
FY21-22 Swing Trade Idea #35: Long on BHARATGEARThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Bharat Gears looking strong on chartsBharat gears looking strong on charts
Good buy @CMP for further upside move in coming days
Expecting targets of 108-115
Keep eye on it
Disclaimer
Educational Purpose
All Trades involve risk , Please do your analysis before initiating any trade
Swing Trade (1-2 weeks): Can touch 56 and aboveSwing Trade (1-2 weeks): Can touch 56
Looks good in weekly, daily and hourly chart, moving in up-direction broke a weekly trend line and can change the direction of downtrend to upwards. For swing there seems a good trade @ 51 with SL of 45 for 65 and further to 80. As soon as it crosses 57 this becomes a good short term positional hold for 88/120+. When taking positional trade SL could be 40 and target 88/140.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
BHARAT GEAR RSI positive divergence supports recovery in auto ancillary space. Bharat Gear has recovered from 55 to 74.5 in 5 days. Next target is 102 in about a month.
Bharat Gear#Buy Bharat Gear in Range- 180 to 195 (Avoid Buying below 180)
Stop Loss- 140
Target- 240-300-350++
Time Frame- 5-6 Months.
bharat gears looks bullish in short to medium termIn daily, cup and handle formed and breakout happened with high volume,
in weekly price is in strong uptrend and sustaining above 20 ma,
with s l - 175, 1st tgt - 245, 2nd tgt - 280
Bharat Gears:142 breaking a symmetrical triangle Supprt:80Bharat' Gears:142 breaking a symmetrical triangle and a long term trend line.60 points wide is the triangle at bring can bring the price down to 80 level.
Symmetrical Triangle are Continuation pattern, but there are instances when they mark important trend reversals. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout. Let us see how is evolve in to future. (For Study only)
BHARATGEAR - LongBhartgear has been Sideway from many days, Closing Above 118.80 Calls for Buy for Mid to Long Term Traders with Agressive SL : 110.80 (Given Trade Is Not For Soft Hearted Trader's)
*Note: The Given Trade is Personal Opinion Not Recommendation!
