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Bharat Seats Ltd


Accumulate  @ CMP 25.85, for target of 40 plus with  Dividend yield of 3.5% ,

Analysis:  We have bullish view on Bharat Seats Ltd , As prices has given monthly positive reversal  with huge volumes and it has given a close above previous month close.  Bharat Seats is having a strong support at 13 months exponential moving average (@ 16) and heading for upside new targets.
We advices to accumulate Bharat Seats Ltd at current market prices of 25 and at every decline, for targets of 40,

ADX: ADX Indicator is showing bull power is in strong strength for coming period.

Bharat Seats Ltd ( MonthlyChart)

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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