We have witnessed a sharp downfall in Nifty and Banknifty along with sectorial selling pressure amid the Iran-Israel war, although India's growth story has been robust and expected to rise continuously even amid global uncertainties. but may be lower than expected or projected , due to high inflation forcasting may be a part of lower GDP growth. India is a major crude importer , Hence volatility and up surge in Crudeoil prices expected to affect almost every corner of the economy, considering recent crises in LPG,,Crudeoil and restricted supply, will give rise to overall production cost and disruptions in production for manufacturing industries. Moreover, household budgets may rise across the country , which may decrease individual savings .We may see as cascading effect of the current global situation, which may take slight more time to make nullify overall effect upon indian economy. Eventually new investment may slower its pace or ...
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RATIONALE:
STOCK HAS BEEN IN UPSIDE MOVE WITH GREEN CANDLE CLOSING CONTINUOUSLY SINCE FEW TRADING SESSION ON DAILY CHART . MORE OVER GOOD VOLUME BULD-UP HAVE SEEN , STOCK TRADING WITH NEW LIFETME HIGH ON CLOSING BASIS , WHICH IS A POSITIVE SIGN TOWARDS POSITIVE TREND CONTINUATION , HENCE EXPECTED TARGET PRICE IN THE STOCK (BHARAT FORGE) 1600/1680+ MAY BE SEEN IN COMMING 15-20 DAYS TRADING SESSIONS APPROXIMATELY
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