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set to pop ...316 next
BHARAT DYNAMICS LTD
Long
set to pop ...316 next
By CompoundingGain
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Jun 20, 2020
3
Jun 20, 2020
Thought why not check out some defense companies since everyone is ready to kill each other, this is the first and it looks ready to pop on the 4hr
It's forming a bull flag i assume and we are setting up to break through 281.30 .
On the daily you'll see we got rejected by the 200 day on 3 occasions so obviously had to come back to refuel or see if the lower support holds.
252 held up nicely and now the range has gotten tighter. so SL 249.90 enter straight away and get off 315.85
The company has got very low debt and just missing out on the revenue :)
to sum up easy trade i feel so will keep an eye on this ...
shall upload HTF later ..
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CompoundingGain
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