Bharat Forge was the first stock studied directly on our website Bharat Forge Technical View - On to Good Things. It is now powering ahead towards the confirmation levels of a Rounding Bottom Formation and it is approximately 7% up from the levels it was studied at. We had talked of a rounding bottom formation in the making on the chart of Bharat Forge and the price movement suggests that its confirming to the expected charter.
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Disclaimer:: The article presented herewith is just an educational assessment of the chart structure of Bharat Forge. Please do your own research and consult your financial advisor prior to acting on the information presented herewith. The author does not intend to set forth this article as a recommendation to buy or sell this stock and has a small position in the stock at levels which are less than half the Current Market Price.
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Vijay Kedia is one of the most successful investors in the Indian Stock Market. With multiple multibaggers like Atul Auto, Cera Sanitaryware etc. to his credit he is revered for his stock picking
Radico Khaitan has formed a rounding bottom formation over a 3 year period. The Stock can be considered for a long position with a Stop Loss at 150 for targets of 267. In