Bharat Rasayan - Momentum follow thru
After one large candle the stock went into consolidation...
Most likely its now bene forgotten by traders so I think its a good space to start looking at the stock again..
There could be a wedge breakout either tomorrow or next week.
Just to play it doubly safe won't buy at current price but first buy above 11900 and 2nd buy above 12050 which would confirm the wedge breakout.
Stoploss for the trade would be 11375.
Most likely its now bene forgotten by traders so I think its a good space to start looking at the stock again..
There could be a wedge breakout either tomorrow or next week.
Just to play it doubly safe won't buy at current price but first buy above 11900 and 2nd buy above 12050 which would confirm the wedge breakout.
Stoploss for the trade would be 11375.
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