STOCK ALREADY HAD BROKEN IMPORTANT SUPPORT LEVELS @ 540 AND CLOSED BELOW THAT LEVELS. IF ANY BOUNCE BACK WILL COME SELL THAT STOCK @ 520 & 540. KEEP S.L - BOTH LOT 580. WHEN YOU TRADE IN FUTURE YOU CAN HEDGE YOUR POSITION WITH OPTION.ITS BEST WAY FOR PROTECT YOUR CAPITAL. SO YOU WILL BUY 520 CE & 540 CE WHEN EXECUTE ABOVE TRADE. NOTE : BEFORE TAKE THIS TRADE...
ALL MENTIONED IN CHART POSSIBLE ONLY BELOW 350 LEVELS
BHARATFORG has lost 8% of its ground with 10 times of its average volume on NSE signifying a greater amount of selling taking place in stock. SELL BHARATFORG SELL @ 540 SL @ 547 TGT @ 513
BHARATFORG make H&S pattern keep watch trade safe... Pattern does not consider in many stocks keep watch trade safe... if beak up then enter the trade SL use for 2% Rule
With 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
BHARATFORGE after a leg down, is making an inverted head n shoulders. Awaiting a breakout/reversal
Short Below 603 Target 598/592/585 SL 611
Based 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...
Bharat Forge , after a huge leg up, took resistance at the short term trendline. Awaiting a Breakout or reversal Without Rooster-->
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
Towards completing the bat pattern. more setups in comments..
BHARATFORG has been respecting the neckline for a while. currently in a breakout/reversal zone
BHARATFORGE is in the breakout/Reversal zone, on a neckline . Also it hasnt made a lower low since august 2016 on the daily timeframe.
Bharatforge 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.
price 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
hi, explained in the chart