BHARATFORGE - Swing & Intraday | Friday Trade (14th May)Stock is trying to break the resistance zone 4th time this year. It has broken the resistance TL and if its successful in breaking the resistance zone this time then we can see good upside in the coming sessions.
Above 677 target 694, 751 and 798 for short to mid term.
P.S. Wait for candle close at required levels
Bharatforge
BHARAT FORGE SELL VIEWBHARAT FORGE LOOKS A SELL NEAR 654 WITH STOP LOSS ABOVE 669 FOR TGT 1 : 633 TGT 2 : 618 TGT 3 :606.
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain.
This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
#11,BHARATFORGE (Confluence Breakout) Reasons to BUY:
Good Volume
Formation of Inverted Head & Shoulders
Price is heading towards the Resistance of Parallel Channel of Daily TimeFrame
The chart looks attractive with the confluence point
Relative Strength is above 60
Enter when the price breaks the confluence point.
Exit when the price breaks down the support trend line ( green Line)
Educational Purpose! Trade with proper risk management!