BHARAT FORGE
TIME FRAME: DAILY
OPINION: SHORT
ITS IN A DOWN TREND ON A DAILY TIME FRAME, AND CLOSE TO 200 DMA, FORMING A DOUBLE TOP.
ENTRY CAN BE DONE ONCE THE NECK LINE IS BROKEN.
MACD IS IN NEGATIVE CROSS OVER.
RISK REWARD 1:1.6.
TARGET AND STOP LOSS CAN BE MAINTAINED AS SHOWN.
DISCLAIMER : MY POINT OF VIEW MIGHT DIFFER FROM YOURS, SO KINDLY USE YOUR OWN ANALYSIS AS WELL,.
OPINION: SHORT
ITS IN A DOWN TREND ON A DAILY TIME FRAME, AND CLOSE TO 200 DMA, FORMING A DOUBLE TOP.
ENTRY CAN BE DONE ONCE THE NECK LINE IS BROKEN.
MACD IS IN NEGATIVE CROSS OVER.
RISK REWARD 1:1.6.
TARGET AND STOP LOSS CAN BE MAINTAINED AS SHOWN.
DISCLAIMER : MY POINT OF VIEW MIGHT DIFFER FROM YOURS, SO KINDLY USE YOUR OWN ANALYSIS AS WELL,.
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