1. On request of one of my followers who is very curious to know price action of bharat forge . This is dedicated to you and all those traders and investors who are trading in this stock or wanted to trade and invest .
2. See bharat froge has made its bottom now no more low . This stock has not started its accumulation process actually in first phase . This is trading at white end of which is quite strong . A red channel upper resistance is also providing feel of change in trend from up to down .
3, It can trap more traders by going to upper red dotted line. This will be purely trap move. Otherwise current market price is right place to go down. If it moves down only then accumulation process will start . If upper red channel band and red dotted line is not taken out then see fall to green zone.
4. When accumulation process will confirm you will see move both sides keeping price range bound. If green zone and lower end of red channel is taken out then you can see fall to red lower zone.That should be the right zone for investors to accumulate like smart money will do.
5. Keeping stop loss of zones either side will be very help full to initiate trades with following my all conditions .I every time say I make complete sketch of price move in coming days you just have to time your trade with the help of zones . Believe me my zones, work magically. All post are available on record for your consideration. So invest some time to read them along with comment box questions and replies that are themselves quite educational. Everything I can not write in blog. Many intelligent and informative questions are asked in comment box quite useful for genuine seekers. Rest price will decide.
Note. All trading and investing should be done with the financial consultant approval only.