NSE:BHARATFORG
Observations:
1) On Daily Time frame you can see that it has already closed above 21DMA.
Please refer below chart : Daily time frame.
-------------------------------------
For POSITIONAL trade one can take long position from CMP as well as any dip above 760 level will be good buying opportunity. SL...
NSE:BHARATFORG
Observations:
1) On Daily time frame it took resistance from 21DMA which is placed near 775 level.
Please refer below chart : Daily time frame.
2) On 1 hour time frame we can see that major resistance is at 780 and major support is at 719. Any dip above 719 will be buying opportunity for positional...
Buy if sustains above 601 for the targets of 612, 622, and 632 until 589 is saved on the downside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note: This is for educational purpose only.
There seems to be an Inverse Head & Shoulder pattern breakout with good volume. Moreover, RSI above 65 indicates bullish momentum.
It broke 2 YEAR OLD TRENDLINE & RETESTED DONE,
It, also broke INVERTED HEAD & SHOULDER NECK-LINE.
If Resistance Breaks, Then Next Possible Target Is 670 !
NOTE: THIS ANALYSIS BASED ON 1 WEEK TIME FRAME)
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only !
Bharatforge gave BO on 13 Aug, since that it has been consolidating. Looking at the chart structure it may give BO. Buy would be recommended above 515 for the target 530.
