yogi_sharma_elliottician
Long

Bharat forge Long setup

NSE:BHARATFORG   BHARAT FORGE
Head and shoulder pattern formed, rest everything is explained in chart.
Sep 03
Comment: touched 689 today - Resistance / target 1
Sep 04
Comment: IT CAME BACK TO SUPPORT ZONE, BUT DO NOT HURRY TO GO LONG. iT CAN GO WAY BELOW.
Sep 04
Comment: can go till 636 and major support is at 619
Are you expecting stock to come back to Support at 656 . I missed the opportunity at break out :(
Reply
@ateeq797, it might come because generally we see such movement in H&S pattern. I will buy as close as possible to SL because I always keep R:R ratio attractive. Less risk, more reward. If doesn't come at my level, will see to buy above target one for second target. But not at this level, because i am looking for swing trading and not intraday :)
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ateeq797 yogi_sharma_elliottician
@yogi_sharma_elliottician, Last week I was eyeing to buy the stock at 650 . Then I waited for confirmation . And now it is boom boom .
Reply
@ateeq797, haha, it happens, even I missed it on second day after breakout, where it touched to 662 level, let's see :/
Reply
ateeq797 yogi_sharma_elliottician
@yogi_sharma_elliottician, What is your view now ?
Reply
@ateeq797, when it touched 656 I already said it may go more down, can't go long as I think 636, 619 coming. I would have gone long if it would have touched 656 before 10 am in the morning.
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ateeq797 yogi_sharma_elliottician
@yogi_sharma_elliottician, Did you buy it today ? It touched 639 and saw a strong bounce back .
Reply
@ateeq797, iwill be still at selling side. Today i went for castrolind
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ateeq797 yogi_sharma_elliottician
@yogi_sharma_elliottician, Castrol is also on my watch .I am waiting for 140 levels .
Reply
@ateeq797, I am long in castrol, not expecting below 151, lets see. Zeel is long too, as it is 52 week low. Keep that too in your watchlist.
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