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Bharatforge

Simple Trade Setup | BHARATFORG | 22-11-2021 [ INTRADAY]NSE:BHARATFORG Observations: 1) On 1day time frame, it sustain above 50DMA. 50DMA is placed at 773.69. Please refer below chart : 1 day Time Frame. 2) On 1day time frame, we can see the major support range is at 760-768 level range. Please refer below chart : 1 hr Time Frame. ------------------------------------- Trade Setup for Date: 22-11-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BHARATFORG
by Trading_hawk
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*
NSE:BHARATFORGLong
by Traders_Town
2
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.
NSE:BHARATFORGLong
by TradZoo
2