bharat forge looks bullish in medium term

Jul 18, 2017

price is in uptrend channel in weekly time frame. and current trend is up,
So it can go to the channel resistance easily

sl - 1070 1st tgt - 1210 2nd tgt -1280

Aug 3, 2017

Trade active

till now 1162.45

Aug 19, 2017

Trade active

till now 1169.95

Aug 25, 2017

Trade active

price is still moving in an ascending channel, one may trail the sl to 1100.

Sep 11, 2017

Trade active

closed at 1180.20

Sep 17, 2017

Trade active

1st target already done, till now 1240, price is moving towards the channel resistance,

also in weekly, price closed above upper bb with good volume, and bb is expanding , sign of bullishness.

Oct 9, 2017

Trade closed: target reached

after bonus of 1:1, 2nd tgt got recalculated to 640, today's closing price at 644, so the 2nd tgt achieved also.

followup chart here. in.tradingview.com/x/BRuT3zIl/.

it has potential to go 660+