2024-04-22 11:27:39 am | Source: Religare Broking Ltd
Stock of the day : Bharat Forge Ltd For Target Rs.1260- Religare Broking
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
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Views on Donald Trump`s Push to End Birthright Citiz...
Views on Donald Trump`s Push to End Birthright Citiz...
Quote on Budget Expectations from Renewable & Energy...
Views on Budget Expectations for the Rural Fintech I...
Centre Likely to Stay Committed to Fiscal Consolidat...
Pre-Budget 2025 Quote on MSME Priorities for Union B...
Frido Champions Community Empowerment with Inclusive...
Quote on Budget Expectation by Mr. Kaushal Agarwal, ...
Quote on Pre-Budget Expectation Inputs - Foreign inv...
Company Update : Rural Electrification Corporation L...
