Long entry at Rs 490 with Rs 420 as intial stop loss.
Setup:
1) Nifty is heading upwards
2) Nifty Auto just gave a fresh breakout from long term downtrendline
3) Bharat Forge also gave a breakout accompanied by Good Volumes and a move of Relative Strength from Negative to positive territory.
4) Face of moving average is also up.
5) Trail stop loss with 30 Week...
