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
Bharatforge
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.
Bharat Forge Long StrategyApologies, Im still figuring how to populate everything but here's a good one... I've shared a summary as well
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 !
