May continue to consolidate for a few days before up move, which may start in early September.
Support at 9772. A good move may take it to 17000 in six months
A perfect Cup and Handle for Bharat Rasayan. The Volumes have bottomed on the handle's Bottom.
Too many distribution days in a short span. correction likely
Both 3 and 5 are extended. What a trade it turned out to be !!!
A popular stock and strong chemical player with super strong ROE and ROCE. Breakout above 7100. Target is marked. SL 2.5% below purchase price.
Two month's target 8050.If it crosses 8050-7950 rangein two months, it will be in breakout mode
bharat rasayan is at support if it breaks the trend line then it may go upto 3850
Bharat Rasayan: Good R/R, but only after market Stabilise
May not go below 7100 in down trend. Resistance at 7600
In short term a low may be seen at 6118, breakout will occur once it crosses 6946. Previous ATH likely to be challenged in June or there after.
May see a level of 6090-6100 in near term. Intermediate term target is 7100 beyond which it will break out free.
Support at 5750, If it turns bullish and overcome a number of descending resistance levels, intermediate target will be 6950
Holding support at 6585. If it turns bullish in short term, a level of 7960-8000 can be seen.
Support seen at around 5500. Intermediate term target is betwwen 6600-6800.