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Bharatforge

Bharat Forge | Rising from Demand Zone ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. ✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:BHARATFORGLong
by ReviveTraders
BHARATFORG - Ichimoku Breakout📈 Stock Name - Bharat Forge Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1718. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #BHARATFORG
NSE:BHARATFORGLong
by nikunjbhadja
BHARATFORG - Ichimoku Breakout📈 Stock Name - Bharat Forge Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1575. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #BHARATFORG
NSE:BHARATFORGLong
by nikunjbhadja
BHARAT FORGE - Bullish Momentum with VolumesNSE: BHARATFORG is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:BHARATFORGLong
by BrahmaBull31
BHARATFORG Analysis & PredictionThis is the analysis of BHARATFORG in the Daily Time Frame. Watch carefully. The chart explains itself. Results on 12 Feb 2024, so be careful. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About BHARATFORG : Bharat Forge Ltd. engages in the manufacture, assemble, and sale of forged and machined components. The firm operates through the Forgings and Others segments. The Forgings segment produces and sells forged products comprising of forgings and machined components for the automotive and industrial sector. The Others segment includes initiatives other than forging related activities. The company was founded by Nilkanthrao Kalyani on June 19, 1961 and is headquartered in Pune, India.
NSE:BHARATFORGLong
by suraranjanganguli
BHARAT FORGE: CUP&HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 930 and keeping a stop loss of 840 , look for the target of 1000/1100in the coming weeks and months. Buy: CMP Stop loss : 840 Targets: Tgt 1: 1000 Tgt 2: 1100 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:BHARATFORGLong
by TradingSutra
Significant breakout in BHARAT FORG.Good evening guys! Here is the analysis Of Bharat forge. >>It's a neat and clean rectangle pattern breakout in Bharat Forge. >>As we can see from the weekly time frame, it has been forming a strong resistance and support for the past two years. >>Today, it has given a breakout because Q1 earnings were released, and the company has performed remarkably well. The company is witnessing its highest sales ever, and its fundamentals seem promising. >>Now, talking about the breakout, even after breaking the trend line, its volume was not up to the mark. Entry. >>The entry would depend on two scenarios: First, we can wait for the candle to pull back a little; if it does, it could be a great time to take a position. >>Secondly, if we find that instead of coming down, it is sustaining above, it could again be a good time to consider aggregation. >>There's a strong trendline above the breakout line. There's a good chance that it might retest the larger trendline. We can aim for a 10% gain while setting a 10% stop loss. Additionally, I've noticed that some people become impatient when the price starts moving sideways. Always remember the reasoning behind your trade and stick to it. Stay disciplined, and make sure you have a proper stop loss in place. If you find this information useful, please consider giving it a thumbs up. If you have any suggestions or questions, don't hesitate to ask in the comments section. Needless to say this was for completely educational purpose do consult your finance advisor before investing.
NSE:BHARATFORG
by BullishLine
2
Buy Bharat Forge above 1819Buy Bharat Forge above 1819, Target 826, 845. Reason for trade, stock took support on 50% pullback and reversed, also price took support on 20 EMA. Selling volume decreased and Buying volume increased. Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade. If you think this idea is use full please like and share and follow thank you for reading my idea
NSE:BHARATFORGLong
by VikasRanjane
3
BHARATFORG Ready for Upmove ??!!Chart pattern does insist me to go with above titled opinion REASONS 1. Bharatforg has been trading inside Expanding triangle and currently it is under its upswing move inside the major expanding triangle. 2. In Weekly timeframe, there is a Bullish Pennant formed and Breakout has happened it seems( volume not so good ) 3. Target and SL mentioned @ chart 4. SL(less risky) can be Day candle closing out of dark blue Ascending channel . 5. Pink trendline (884 level) seems tough and Day close above that line may confirm the bulls approach !!! Let's wait and watch how it moves!!!! Note- Just Sharing my view....not a tip nor advice!!!
NSE:BHARATFORGLong
by mmjimm
BHARAT FORGE - TREND CONTINUATION PATTERN GUIDENSE:BHARATFORG What is trend continuation ? Trend continuation means when we are in uptrend and witness a healthy correction most likely sideways movement in a channel and it breaks the correction sideways zone with big momentum candles then it might be signaling a strong new up trend starting. #so lets see how we can play with trend continuation on a live setup in Bharat forge. Whats happening in Bharat forge? *Used Bar chart on a weekly Timeframe. There are confluence of factors that are signaling this setup. Lets identify them one by one 1. Prior trend :- The most important thing one should confirm is the existance of previous trend, cause if there is no identifiable previous trend then how can the price form a trend continuation pattern. As in bharat forge there is a good bullish prior up trend. * on chart marked as Major up trend. 2.Correction:- The Stock should give a opposite move in the trend with low volumes and the range of movement should be narrow. the tighter the range the better it is. This correction should not break any major lows in the previous up trend. As in Bharat forge the corection is in form of channel and its on low volumes. 3.Confirmation signals:- some basic confirmation signals are (a.) Strong breakouts on small time-frame (b.) Volume picking up. (c.) Big momentum candels. As in Bharat forge formed a strong resistance at 850, the price is unable to break this level from last 1 year in 3 attempts. on 31-10-2022 it formed a Ranging candle and created a rally base rally power pattern and move above 850 can give a strong break out for a positional target of 1000+ One can hold with a stop loss of 789 and do trail the stoploss with favorable movement. Hope you like this Idea. please like and comment. Thanks for reading. Keep learning, Happy trading.
NSE:BHARATFORGLong
by SANJAYPATIDAR_