BHARAT RASYAN BREAKOUT NOW RETEST AND STOCK LOOKS BULLISH, AS PER FUNDAMENTAL THIS COUNTER HAVE GOOD FUNDAMENTAL ...I WILL ADD FEW QUANTITY AT RETEST MAKE YOUT TRADE PLAN ACCORDING AND CONSULT YOUR FINANCIAL ADVISIOR I AM NOT GVING YOU BUY RECOMANDATION THIS IS PERSONAL VIEW.
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 !!!
Fresh breakout can be seen once it crosses 7982 in a while.
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.