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Bharatforge

Bharatforg can be taken for long entryOn daily chart Bharaforg stock Break out level seen clearly & stock closing above that level which is the good sign of bullishness. So in next trading session this can be taken for long entry above the level of 335 till next level @ 365. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels. The idea sharing is for educational purpose only. in case any suggestion advice required feel free ask .kindly follow for more educational ideas.
NSE:BHARATFORGLong
by Tech_stock_trader
BHARAT FORGE IS READY TO FALL AGAIN SEE HOW !1PRICE ACTION BACK ROUND OF BHARAT FORGE 1. On request of one of my followers who is very curious to know price action of bharat forge. This is dedicated to you and all those traders and investors who are trading in this stock or wanted to trade and invest . 2. See bharat froge has made its bottom now no more low . This stock has not started its accumulation process actually in first phase . This is trading at white end of resistance zone which is quite strong . A red channel upper resistance is also providing feel of change in trend from up to down . 3, It can trap more traders by going to upper red dotted line. This will be purely trap move. Otherwise current market price is right place to go down. If it moves down only then accumulation process will start . If upper red channel band and red dotted line is not taken out then see fall to green zone. 4. When accumulation process will confirm you will see move both sides keeping price range bound. If green zone and lower end of red channel is taken out then you can see fall to red lower zone.That should be the right zone for investors to accumulate like smart money will do. 5. Keeping stop loss of zones either side will be very help full to initiate trades with following my all conditions .I every time say I make complete sketch of price move in coming days you just have to time your trade with the help of zones . Believe me my zones, support and Resistance work magically. All post are available on record for your consideration. So invest some time to read them along with comment box questions and replies that are themselves quite educational. Everything I can not write in blog. Many intelligent and informative questions are asked in comment box quite useful for genuine seekers. Rest price will decide. Note. All trading and investing should be done with the financial consultant approval only. YOGESH VATS
NSE:BHARATFORGShort
by yvatsji
7
Stuck Between "A Rock & A Hard Place"Bharat Forge is a good example of several stocks in the Nifty 500 right now. The stock is stuck between former support that's been intact for nearly 6 years (355) and former resistance that's been intact for nearly 15 years (200). As a market participant, it's difficult to bet on this type of stock longer-term in either direction as long as prices are between these two levels. As a fresh short or someone liquidating longs, you don't want to be placing orders near 200 because the market's telling you there's still underlying demand there. As a fresh long or someone liquidating shorts, you don't want to be placing orders near 355 because the market's telling you there's still overhead supply there. As a result, you have this range develop that neither longs nor shorts want to bet against breaking. Why would anyone want to be the one to force it in either direction when the market punishes you for doing so? People who are trading the range are being rewarded with gains, while those betting against it continuing are punished with losses. And thus the range continues. And it will continue until a large buyer or seller, an institution, puts enough supply or demand on the market to break the range. Once that happens, the positive feedback loop that's been in place will be broken and a new behavioral trend will manifest itself in the market. So what's the best course of action for someone with a timeframe of several weeks to several months, or longer? Wait. Let the institutions who set the trends show their hands and then we can position ourselves to ride along to profits with them. In the meantime, trade the range if you'd like, but until prices break decisively in either direction and begin trending, there's no reason for us to be betting aggressively. This is how we approach rangebound stocks for our timeframe, which looks out several weeks to months (or longer).
NSE:BHARATFORGEducation
by AllstarchartsINDIA