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Bihar Sponge (Hi Risk Hi Return) email this discussion to a friend?

Learn The Tricks (1) 
2 years ago

For a change Bihar stock. Here its a good case of breakout with too much of volumes. Hence you can see the abrupt rise in the On Balance Volume. Also it is good case of resistance becoming support which is again a very bullish sign. StopLoss of 9.8 to be maintained.A penny stock with buying interest hence has high risk high return profile.Investment upto 10~15% of your portfolio only recommended.

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tags:  line chart, r2s, breakout
 
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Here is also a good example of resistance becoming support.By this chart we can say that 405~415 will act as a good support and the indications are bullish till the time 410 is broken.

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