- April 20, 2011
- Posted by: Ramki Ramakrishnan
- Category: Indian Stocks Trading
A reader posted a comment on Bharat Forge in the wrong category and hence had to be removed from there. Here is what he wrote:
“BHARATFORGE CMP 353 UPMOVE IS OVER AT 370 , WILL COME DOWN TO 250 LEVELS. ANOTHER COPY BOOK PATTERN , PL HAVE A LOOK.”
I am not sure that 370 marks the end of the correction. Indeed, there is a reasonably good chance that this stock will remain bid for a tad longer, during which time it can retest prior highs.