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BHARAT ROAD NETWORK LTDBHARAT ROAD NETWORK LTDBHARAT ROAD NETWORK LTD

BHARAT ROAD NETWORK LTD

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BRNL trade ideas

A short trade in BRNL.Yesterday there was an unreasonable hike in the price. So the first candle was the reaction of yesterday's buying pressure. But as the hike was unreasonable so it wasn't supported with the fundamental condition so it was definitely a chance to attempt a bear trade . Wait for the resistance level to meet which is represented by the red horizontal line. The bearish flag pattern was on its formation... So I took out the trend lines and watched the stock to break it's nearest support level. As soon as it broke took a short position and let that happen. The target was fixed before the day's open point. And hence obtained a good shot today 👍🏻
NSE:BRNLShort
by NiranjanDeshmukh