BHARAT SEATS LTD (BHARATSE) has indeed retested its breakout. This could be a positive sign as it often indicates that the initial breakout was strong and sustainable.
Entry:
Pullback: If the price pulls back after the breakout, consider buying on this pullback as long as it doesn't retrace too much of the initial move.
Target:
Previous High: A potential target could be the previous all-time high, which is around T1 : 240
and T2 : ₹260-270
Fibonacci Extensions: Using Fibonacci extensions based on the breakout move can also provide potential target levels.
Stop-Loss:
Swing Low: Place a stop-loss below the recent swing low, around ₹200.
Please note: These are general recommendations based on the information provided. It's crucial to use your own judgment and consider your risk tolerance when making trading decisions. Always consult with a financial advisor for personalized advice.
Entry:
Pullback: If the price pulls back after the breakout, consider buying on this pullback as long as it doesn't retrace too much of the initial move.
Target:
Previous High: A potential target could be the previous all-time high, which is around T1 : 240
and T2 : ₹260-270
Fibonacci Extensions: Using Fibonacci extensions based on the breakout move can also provide potential target levels.
Stop-Loss:
Swing Low: Place a stop-loss below the recent swing low, around ₹200.
Please note: These are general recommendations based on the information provided. It's crucial to use your own judgment and consider your risk tolerance when making trading decisions. Always consult with a financial advisor for personalized advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.