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Stock Radar: Breakout from Cup & Handle pattern shows Bharat Forge has steam left to hit 1100 levels. Time to buy?
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Bharat Forge, a prominent player in the casting & forging sector, has witnessed a breakout from Cup and Handle formation on the weekly charts, which opened room for the stock to head towards 1000-1100 levels in a couple of months, suggested experts.The stock hit a record high of Rs 983 on 11 August but failed to hold on to the momentum.
It then took support above the 20-EMA on the daily charts and bounced back.Bharat Forge stock is still trading
. Read more on economictimes.indiatimes.comAbout this in other media
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