yvatsji
Long

BHARAT FORGE SHOWING UP MOVE WILL IT CONTINUE SEE !!

NSE:BHARATFORG   BHARAT FORGE
Hi Traders,
1. On 30th May 2020, I published my analysis on this stock where I mentioned in Point No. 3 is quoting for your consideration. " Otherwise the current market price is the right place to go down. If it moves down only then the accumulation process will start. If upper red channel band and the red dotted line are not taken out then see fall to the green zone." You can see I mentioned that point is right for done fall and stock price consolidated the next three days and went up. The price took resistance at the same white upper band and support at the lower band of the zone in the next whole month. Marked in the green circle. See the accuracy of the zone which shared you almost one month ago. That is why I say when I make support and resistance only one not many like others, only that will work. Has been proving consistently in my all posts. To make you better understand this setting last fig, compare it with the current .
2. Now current status is price made a morning star pattern which I circled in yellow. That is activated now. If price takes out red channel upper band with the upper band of the white zone in 4 hr time frame, then you will see the price going to the green line as an upside target.

3. On the contrary, I made sky blue support if it gets breached and does not cover in 1 hr candle, then positional long should be covered. But It does not mean will be bearish . Wait for the day close of the candle if closes below this line and next day 1hr closing is below previous day low then I will be bearish for this stock. Otherwise positional long will work well. This is how the price should be moved in next week.

YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.

Comments

sir , in nifty and bank nifty ur analysis in 1 hr chart, but for stocks 1day time frame .what is the reason behind it. pl.explain
+1 Reply
Thanks for giving view on this stock, its helps a lot ....
+1 Reply
yvatsji vijaygogia
@vijaygogia, 🙂
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SIr, first time, I am seeing so many indicators in your chart. I know you use only Volume, EMA 27, 111. What are these additional indicators? One question on support trend line: why did you consider low of 16/4 and 18/5 instead of 7/4 and 29/6. Thanks
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yvatsji mkharish
@mkharish, These are not indicators, I do not like a single indicator in my analysis. These are rarely used candlestick patterns. I do not take lies and high depending updated and numerical levels .if that move is suitable for my structure then I set as line .you are realting it with dates.every line on chart can be related with any low and high of previous data.but my style is to see in structural form.
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GOOD ANALYSIS
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Thanks sir

I want to ask one thing which is related to our mission of helping small investors who have incurred loss and who don't understand charts.
I help them buy guiding on phone about entry and exit. In lieu of this they offer me a part of profit. After some time they start to learn it themselves.

Is it okay sir ?

Thanks and Warm Regards
Reply
yvatsji sharmaumesh1967
@sharmaumesh1967, I appreciate your transparency in statements. See my mission is to eradicate unemployment among educated. For this, I am trying my bit.you all are joining it thanks for this. See I have stood my self at that level where I can earn from the market. When you yourself stand at that level then you too start doing it without expectation. till then if they make money with your help then no harm in taking some part of it. This is your truthfulness which you shared there are many who will not share it and doing it consciously.
+1 Reply
@yvatsji, Thanks sir

I believe when you trust yourself , you don't need to hide anything. Hiding consumes energy. When I make trade for clients, I keep always keep their interest topmost, my profit is only an outcome, not my goal.

Moreover, I never hide anything from those you respect most.

Happy Weekend sir

WarmRegards
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