[Premium] Trade Of The Week
July 10, 2021
Bharat Forge broke out of its three-year big base breakout in the week gone by. Other names in this sector have been catching up, and the price seems to have chosen its direction. The overhead supply at the 785 level has been absorbed. The indicator too is in bullish momentum territory, comfortably floating higher.
We are bullish above the level of 785, with a target near 1,140.
Sector rotation continues to play out with the Industrial Manufacturers now taking some lead.
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Allstarcharts Team