Bharatforge
Buy Bharat ForgeWith a Pennant and an internal Inverse H&S pattern, this stock should give a good move on the upside once a breakout happens above 655. Targets of 680 and 700 are in place
BHARAT FORGE Head n ShouldersBHARATFORGE after a leg down, is making an inverted head n shoulders. Awaiting a breakout/reversal
My PredictiveEngine's Intraday call(06-Apr) - BHARATFORG - ShortBased on my PredictiveSystem's signals, tomorrow (06-Apr) its going to be a RED candle for NSE:BHARATFORG
Sell below: 725.1
Target-1: 719.7
Target-2: 716.4
Target-3: 713.0
Stop loss: 730.1
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. :-)
BharatForge Trendline RoosterBharat Forge , after a huge leg up, took resistance at the short term trendline. Awaiting a Breakout or reversal
Without Rooster-->
Bharat Forge - Range Bound It has been observed that the price action facing a strong selling pressure at the resistance zone of 730-740 levels, which is indicating further weakness ahead. It has also observed that the price action also forming a range for past few months, which may likely to continue here on.
T1- 700
T2- 680
SL- 750
BHARATFORGE BreakoutBHARATFORG has been respecting the neckline for a while. currently in a breakout/reversal zone
BHARATFORGE BreakoutBHARATFORGE is in the breakout/Reversal zone, on a neckline .
Also it hasnt made a lower low since august 2016 on the daily timeframe.
BHARATFORGE Triangle BreakoutBharatforge is in the Breakout / Reversal Zone.
Moving in a channel for almost an year, had a great leg up from 720 to 1220
approaching /retesting another channel sup/ res orange band for a breakout/ reversal.
It can make a leg down inthe triangle before breakout on the upside.
bharat forge looks bullish in medium termprice is in uptrend channel in weekly time frame. and current trend is up,
So it can go to the channel resistance easily
sl - 1070 1st tgt - 1210 2nd tgt -1280
BharatForg: The Bearish GartleyThe Pattern has not yet completed itself so in anticipation of it being a bearish Gartley, the potential reversal point could be around 1174. The level 1158 could also act as a supply zone, so I would call 1158-1174 to be a potential reversal zone. If price breaks above the yellow trendline (shown in chart) it would have tendency to test the reversal zone. The pattern would fail if 1174 zone is breached on the upside.
If price breaks below the yellow trendline, 1064 should be a level to watch out for. The price may reverse from this zone to complete the pattern on the upside.
Hit like if this idea was informative and helpful. Comments are welcomed.
Trade safe.
Best Regards
Bravetotrade
BHARATFORGEBHARATFOGE- Stock is in uptrend channel and now stock have support at 1080 and now its turn to up trend and now moving for upside so we can see 1240 soon in this stock.
is BForge in 5th wave extension? If yes, awesome risk reward!! My counts are marked. i believe that we are in the 5th wave of larger degree and we have done the 61.8% target of 1097 and is already extended.. if this is..then we may correct this 5 wave up move and head for 900 or so .. !!
Please do provide your comment on how these counts sound? or if you are working with a different counts ?
SL, Targets etc.. are on the chart
BharatForge : Bull's Force ?!There we have simple channeling in Bharat Forge and if the breakout happens as expected we will see new high. Though the potential Double top is not eliminated there are chances for that to fail due to the Bull run, so one may take chance even after the DT failure, but both entries are aggressive only. So Plan your risk first :)
Go long on Bharat ForgeIt looks, Bharat Forge bounced off from Channel Support and 50 day moving averages.
Near term target is 1110 with stop loss of 1000
Cup & HandleBharat Forge weekly is showing a nice cup and handle formation. Buy can be triggered on the trade above the breakout level of 1100. Expected targets are 1330 and 1430.
BHARATFORGE - AT SUPPORT LEVELSThe stock has given rejection wicks / failed breakdowns from its support levels indicating bulls defending it.
Keep it in watchlist for going long.
If it closes or is going to close above the blue line, go long.
Intraday: BHARATFORG stock can bounce till 1030 if 1015 hold buy zone 1020 with SL: 1010 tgt:1030-1040
(Repost) Bharat Forge Long ThesisHi I am new here so this will seem cave man like. I am still figuring this set up out but I think this is a great stock from a technicals and fundamentals stand point.
Technicals:
Great trading volumes
Relatively low RSI & CCI despite the upward moves
Another interesting thing to note is the movements this stock has been showing this entire month... pretty big buying blocks vs selling blocks even when there is greater market pressure downward
Fundamentals is a long discussion but check out all accounting related forward ratios and do a comparables study (I wont share mine)
Feel free to comment or ask questions
Needless to say I put my money where my mouth is.
