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BGRENERGY – TECHNICAL CHART STUDY

BGRENERGY_1

buy BGRENERGY above 146 close, sl 125 target 160-195

technical chart study

as per technical chart we can see that, price was consolidating for past 1 month in a small range.

even there is a development of “FLAG” pattern on chart.

recently price moving in rising channel so this channel breakout can lead for some fast moves.

rsi giving signal of “BULLISH NEGATIVE DIVERGENCE”  so if price breaking recent high and giving good close can give us good move on chart.

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