BHARATFORG
BHARATFORG is Making Strong SR Pattern (Breakout Trade)Bharat Forge Limited : Forging Company ( NSE:BHARATFORG ) is Making Strong SR Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Bharat forge long entryBharat Forge long entry above 472 TGT 490-500 above 505 another BO Expected if price sustain well. All trading levels marked on the charts.
Always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the August month performance sheet. All trading ideas freely shared here for your education & support.
drive.google.com
Bharatforg intraday bullish seen above 503According to my study this stock shows a bullish momentum above the marked 503 levels.
Reason 1 : trend of the stock
2: Ema lines movements(relative) and its direction
3: technical indicator supports along with narrow cpr
4:trend line resistance breaking probability( pink line on chart)
5: delivery buying probabilities at current levels.
As a sum ...if market support it can go abv 503 levels . if so you can consider this for your watchlist.
THIS IS STRICTLY FOR EDUCATIONAL PURPOSE & NOT A RECOMENDATION.
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Bharat forge stock for long entryFor last few days stock of Bharat forge is trading in the range of 380 to 395 in the zone of support & resistance. Now once again stock is ready for the BO .Wait for the complete BO as marked red line. Long entry can be taken above the price of 395 for the next target level of 415-420 with the SL of 380. Also if stock open gap up then wait for the retest level of 380-386 this is another opportunity for long entry with good risk to reward ratio. So add the stock in your watch list for more price action trading.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
MyAlgo : xMRSI-Progresser: Intraday : 05Oct-BHARATFORG-ShortBased on my xMRSI-Progresser predictive trading methodologies, its going to be a RED candle on 05-Oct-2018 for BHARATFORG
Sell Below(5Min candle close): 987.2 for targets -
T1: 979.8
T2: 975.4
T3: 970.7
SL: 995.1
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(18-May-18)-BHARATFORG-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 18-May-2018 for BHARATFORG
Sell Below: 723.5 for targets -
T1: 718.1
T2: 714.8
T3: 711.4
SL: 729.3
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)