Bharatforge
Stock Analysis Of Bharti Airtel & Bharat ForgeHi Traders,
Happy Diwali!
The video link given below box is all about the analysis of Bharti airtel and Bharat forge. This will give you a clear insight into these two stocks with great opportunities to time your trades. You just to understand the conditions along with support resistance levels.
Yogesh Vats
Bharat Forge Long opportunityNSE:BHARATFORG
Hello All!
Bharat Forge has been consistently following the lower channel trendline since April 2020. It came on its trendline and has shown a strong bullish swing reversal with healthy volumes.The trendline 1 which depicts how the stock was falling has also been broken. This I believe has generated a good opportunity to go long!
Along with the price action there are other reasons to go long as well:
1)The stock is has broken the 50 day EMA and is now trading above it.
2)Along with the lower trendline, the stock has bounced back up from a strong support zone.
The Reward to Risk ratio also seems good!
Do let me know your views on this
*NOT A CALL*
Descending Triangle Pattern breakout in BHARATFORGOn a daily timeframe, BHARATFORG gives breakout of descending triangle pattern also MACD crossover indicating upside rally in this stock. After this breakout if stock sustain above 790 level then it will give 100+ points rally in upcoming few trading session.
Key Points for Bullish in this stock:
1) Descending Triangle Pattern resistance Breakout
2) This stock in uptrend
3) MACD bullish crossover in Oversold Zone indicating reversal of short term correction.