VGM Pick – Bharti Hexacom
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VGM Pick – Bharti Hexacom
Since listing (April 2024), Bharti Hexacom has consistently shown strength on the Relative Strength (RS) chart, moving in a sustained DTB (Double Top Breakout) performance formation.
After a brief phase of relative consolidation / underperformance, the RS has turned up again and the Price chart has recently formed a strong Anchor Column, indicating renewed directional momentum.
The recent shallow correction appears to be healthy absorption, and the stock is now well-positioned for the next leg of outperformance.
Upside potential opens towards ₹3000 in the medium term.
Clients can follow either Price-based entries/exits or RS-based entries /exits, as we practice in our EDECNOCH approach (Definedge Presentation – 2021).
One can trades on small time frame as well based on their own style
Trend remains constructive.
🟢 Momentum improving.
Suitable for systematic investors & disciplined traders.Nishesh Jani,CFTe
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