Bharat Forge has been a loser this year (down 16% YRD) but has been improving of late.
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The momentum dials are just beginning to pick up and hence there is plenty of fuel left for more gains.
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Breakout visible in Tata Steel LP Today a large list of stocks have seen their circuit filters revised and one among them is Tata Steel LP. The stock has been consolidating for a while but making positive price action through that move. Now a breakout is visible on the charts that could possibly carry prices to around Rs 320 levels in the near term.
Steady rise on cards for Bharat Forge Bharat Forge has been a loser this year (down 16% YRD) but has been improving of late. In the table below (Source: Neotrader) we can note that prices have been improving to erase the YTD loss of 16%. In the process, in intraday signals, prices yesterday moved above all the Ichimoku lines, which is bullish. The momentum dials are just beginning to pick up and hence there is plenty of fuel left for more gains. The trend stats also show that levels are just beginning to turn up. Chances are bright that the stock can continue to gain further from current levels of Rs 404.
