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Bharat Forge Ltd: Elliott Wave Analysis
Ramki
April 20, 2011
A reader posted a comment on Bharat Forge in the wrong category and hence had to be removed from there. Here is what he wrote:“BHARATFORGE CMP 353 UPMOVE IS OVER AT 370 , WILL COME DOWN TO 250 LEVELS. ANOTHER COPY BOOK PATTERN , PL HAVE A LOOK.”
I am not sure that 370 marks the end of the correction. Indeed, there is a reasonably good chance that this stock will remain bid for a tad longer, during which time it can retest prior highs.
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