Bharatforge
Rectangle Bottom Reversal LongClearly formed pattern with alternate touches both sides. The stock is showing strength although market is in bear grip. One can expect the price in the range of 1110 - 1145.
Flag pattern LongVertical price move from 05.12.16 to 08.12.16 has formed a pole and pattern gave breakout after 2 days of consolidation which is normal for flag pattern as it is a small pattern. It seems a good Flag formation as the volume on last day of pole and on the breakout day was relative higher. One can enter long now for a target of 1060. Stop Loss closing below 944.
Bhart Forge broken cup and handle patternBharat Forge after trading in down trend, has been forming a cup and handle pattern,it has broken the handle and seems to have established up trend from here and may see the target of 1146 in the couple of months. traders may enter long in this stock with a first target somewhere between 968-970 in near term.
Buy Bharat Forge on Pullback : Short-term setupThis trade on Bharatforg may take a month or so to complete the full trade, its for positional traders who trades on short term a month or two. Dont expect this to happen over a week or 2,3 days
Happy Trading !
