Bharat Forge Short Term Reversal

The stock has reached lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below multiple support zones & lower trendline. The target is placed near upper trendline and swing high.

Note: Earnings will be disclosed during the trade duration and may affect the trade. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.
Trade closed: stop reached


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