DESCRIPTION: as we can see that auto ancillary space is gaining momentum and Bharat Forge is showing bullish price structure with higher highs and higher lows formation. Strong order book and defence segment growth is supporting the fundamentals. On technical charts stock is near breakout levels with volume buildup, so i am expecting continuation of upside rally in today’s session.Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.