TradingView
Vasanth_A
Feb 10, 2021 3:26 PM

#11,BHARATFORGE (Confluence Breakout)  Long

NSE:BHARATFORG60
BHARAT FORGENSE

Description

⋅
Reasons to BUY:

  • Good Volume
  • Formation of Inverted Head & Shoulders
  • Price is heading towards the Resistance of Parallel Channel of Daily TimeFrame
  • The chart looks attractive with the confluence point
  • Relative Strength is above 60


Enter when the price breaks the confluence point.
Exit when the price breaks down the support trend line ( green Line)

Educational Purpose! Trade with proper risk management!

Order cancelled

⋅
Confluence Point did not break. Wait for the resistance trendline (Red Line) to break in case you want to enter into this stock.
Trend AnalysisChart PatternsTechnical Indicatorsbharatforgebuysetupswing
More