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Buy Bharat Forge with stoploss of Rs 175: Arihant

Posted on: June 11th, 2009 and is filed under Brokerage Recommendations.

MUMBAI: Arihant Capital Market has advised traders to buy Bharat Forge with stoploss of Rs

“On the daily charts, Bharat Forge is in buy on RSI and its 14-days RSI is currently at 65 (above 50 is consider to be in strong hands). BFL is looking weak on daily chart and has formed a Trend Reversal Pattern on EODchart. One can buy BFL at Rs 189 with closing below stop loss of Rs 175 for a target price of Rs 220,” said Arihant Capital Market report.

source: Economictimes

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