Buy Bharat Forge Ltd For Target Rs. 950 - Religare Broking
* Bharat Forge experienced extreme volatility for four years as it slipped from its record high of 766 in March 2018 to a low of 203.59 in April 2020. However, the recovery was equally sharp and it made a new record high at 830.87 in August 2021.
* After the phenomenal surge, it has been consolidating in a range for over a year now and currently trading around the upper band of the same i.e. around 830 levels.
* The recent price action combined with overall buoyancy in the market is pointing towards a breakout soon. We thus recommend creating longs in the mentioned range.
Buy United Spirit Ltd Target : 950 Stop Loss : 768 CMP : 828 Range : 828-830
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