Technical Analysis:Bata and Bharat Forge

By | May 8, 2012

Bata India

Yesterday talked about it on Facebook to Short with a Sl of 839. Bata did trigger our SL and rallied with market making a high of 868.In the process Bata has formed bearish divergence in most of indicator.Price should break below 845 for these divergence to show effect.

Sell below 852 Tgt 845,835 and 825

Buy above 870 Tgt 878,887 and 900

 

Bharat Forge

Trendline Converge after a phase of consolidation breakout or Breakdown coming?

Buy above 331 Tgt 333,336 and 341

Sell below 324 Tgt 318,313 and 306

 

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