Bharat Forge Ltd: Elliott Wave Analysis
20 April 2011
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. |
This is the kind of Indian stocks setup I break down in detail in Module 9, Module 10, Module 17 and Module 18 of my course, built around real Indian stock case studies like TCS, BHEL and Bajaj Finance.