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Stock of the day : Bharat Forge Ltd For Target Rs.1260- Religare Broking
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Bharat Forge Ltd
* BHARATFORG failed to give any follow-up downward movement after a strong one day fall and went into a prolong consolidation.
* This created a sturdy base and resulted into a double bottom pattern formation.
* Looking at the price action and its positioning above key moving averages, the stock is all set to register a breakout from the same.
* We thus recommend creating fresh longs in the mentioned range.
Buy Bharat Forge Ltd CMP 1193.10 Range 1190-1195 SL 1160; Target 1260
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SEBI Registration number is INZ000174330
