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NISM Certified Research Analyst & Mutual Fund Distributor.

Monday 6 May 2013

BHARAT FORGE 6513

THE COUNTER HAVING KISSED 240 LEVELS IN RECENT PAST MOVED DOWN AND FOUND STRONG SUPPORT AROUND 224 LEVEL. IT WITNESSED COUPLE OF BOUNCE BACKS FROM THERE AND MANAGED TO HOLD ITS UPTREND RESISTANCE LINES ON A CLOSING BASIS. WE SENSE THE COUNTER IS NOW ON THE VERGE OF COMMENCING ITS SHORT TERM UPTREND AGAIN. RECOMMEND BUY AROUND 236 WITH STRICT SL OF 227 TGT 242-246 IN A VERY SHORT SPAN OF TIME. 


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