BUY BHARAT GEAR @ 155.85
So here are the Latest Stocks Tips from the Stock Market.
Bharat Gears Ltd
BHARAT GEAR LTD is one of the world leaders in gears technology and India’s largest gear manufacturer. BGL bring to you the finest in gear and transmission technology. Their delivery expands to nations across Europe, USA, Mexico and Asia.
BGL is a major global supplier of automotive gears and heat treatment furnaces. The company manufactures a wide range of Ring Gears and Pinions, Transmission Gears and Shafts, Differential Gears, Gear Boxesmajorly for the automotive industry.
Traders from short term perspective can look an opportunity in this stock. BGL was in down trend from 4 Apr’19 from Rs 176.19 and formed a Piercing Pattern with Bullish Marubozu Candlestick. As a result, this stock is likely to increase for few sessions. Relative Strength Index of the stock is at 41.70 and Moving Average Convergence/Divergence is moving into positive zone. Risk-to-Reward Ratio for this stock is 1:1.4 which is a great opportunity.
Current Price : 155.85
Target Price : 161.18
Stop Loss : 153.50
View on Last Trading Tips
Even though the complete market was running on the sell side because of profit booking, my call on IDEA went pretty well with 6%+ gain in intraday session only. I am bullish on this stock for a long time with 18-20% upside in coming months. If you are also looking for a good opportunity to earn from Stock Market, you can follow our blog and let us know if you want to discuss your shares as well.
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Note: Above mentioned Stock Tips are based on Technical or Fundamental Analysis however, Stock market is always volatile and risk is always included in the investment. Author is not liable for any losses.