Bharat Forge may be bought today

Why should I buy today?

Stock Market, Sensex, Nifty, Economy, Business, Investment, National, English, Top Stock Market News, Top Sensex News, Top Nifty News, Top Business News, Top Investment News, Top National News, Top English News, Truescoop, Truescoop News- True Scoop

NSE symbol: BHARATFORG

1. Prices around 565 were earlier resistance and thus once broken are now serving as support of which an attempt was made today to break at the open.

2. A large White Marubozu candle today which fell below the above-discussed support but during the entire day the rising prices have taken price above the same.

3. The 20 period simple moving average (SMA) is above the 200 SMA.

4. The 20 SMA is rising.

5. The 200 SMA is rising.

Stop: One tick below today’s low i.e. 0.05 below 562 thus at 561.95

Also read: Axis Bank provides an opportunity for entry on its earnings day


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