BHARATRAS out of consolidation after a period of long time. When lok into MTF, we can see that it has been corrected sufficiently and was in an accumulation phase. Recent volume buildup indicates that it is out of dormancy.
BHARATRAS:- Symmetrical triangle pattern is formed, you can plan for side confirmation if you get side breakout, till then keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Stock has made bottom for near term.
Volumes are rising steadily, 11800 may act as resistance but it will most likely be breached as volumes are picking up.
RSI in overbought zone
Buy with a stop loss of 11430 on closing basis.
Target 12848 & 14150
If incase stop loss is taken, renter when stock price trades above 11500 with same Stop Ioss.
I expect first target...
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if price respect the channel then price chances to move towards 61.80% of single leg and price showing strength in the weak market is also a good sign for budget rally friends yours comment ,like and share are great motivation for us this type of study for you . your suggestion are very valuable for us
DON'T HAVE MUCH TIME TO TRACK TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of...
Bharat Rasayan Ltd.: Triangle pattern (Time frame- 1 Day )
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Chart time frame -1 Day )
Trade type -Short term
Duration - 3 months
Entry - 12800
Target 1 - 15000
Stoploss - 11850
Risk : Reward - 1:2.3
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Disclaimer: All charts are purely for educational and information...
There is a clear opportunity in Bharat Rasayan Ltd .The price is near a trendline support , a golden fib support and a previous resistance support . The promoter holding and FII / DII holding has increased , this shows some good buying sentiment in this stock .
Why to buy ?
1. The stock is at 0.618 fib
2. Took multiple support at the green line
3. Positive divergence in RSI ( RSI making higher lows)
4. Support of 200 EMA. ( Earlier too the stock took support of 200 EMA and showed a healthy jump)
5. Decrease in volumes( Sale volume)
6. Large green candles
7. Triangle pattern
Buy between 11800 to 1200
Target - 16000 ( at...
