BHARAT FORGE - READY FOR BREAKOUT - 390-395 RANGEBHARAT FORGE BUY ABOVE 390-395 RANGE
IT IS READY FOR BREAK OUT; IF TRADE AND SUSTAIN ABOVE 395 ON CLOSING BASIS THEN BUY
TARGETS: 410, 420, 428, 439, 448
Posting for Educational purpose only
Closing Basis means stock need to trade above 395 between 3:25 ~ 3.30 PM
If my analysis appears OK then please LIKE, FOLLOW and SHARE to reach more peoples
Bharatforge
Synergistic Pattern: Advance (Cup_Handle + Flag) + EMA 200Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Early entry: 385
SL: 375
Target: 425/465
RR: 3.5/8.0
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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BHARAT FORGE SHOWING UP MOVE WILL IT CONTINUE SEE !!Hi Traders,
1. On 30th May 2020, I published my analysis on this stock where I mentioned in Point No. 3 is quoting for your consideration. " Otherwise the current market price is the right place to go down. If it moves down only then the accumulation process will start. If upper red channel band and the red dotted line are not taken out then see fall to the green zone." You can see I mentioned that point is right for done fall and stock price consolidated the next three days and went up. The price took resistance at the same white upper band and support at the lower band of the zone in the next whole month. Marked in the green circle. See the accuracy of the zone which shared you almost one month ago. That is why I say when I make support and resistance only one not many like others, only that will work. Has been proving consistently in my all posts. To make you better understand this setting last fig, compare it with the current .
2. Now current status is price made a morning star pattern which I circled in yellow. That is activated now. If price takes out red channel upper band with the upper band of the white zone in 4 hr time frame, then you will see the price going to the green line as an upside target.
3. On the contrary, I made sky blue support if it gets breached and does not cover in 1 hr candle, then positional long should be covered. But It does not mean will be bearish. Wait for the day close of the candle if closes below this line and next day 1hr closing is below previous day low then I will be bearish for this stock. Otherwise positional long will work well. This is how the price should be moved in next week.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Bharat forge share on uptrendCleary very bullish Bharat forge is on very bullish mode & stock in uptrend. The same is at daily BO level of 338 . We can take the long entry for the text level of 346 to 350 . The stock is kept on moving. . Resist can be seen @ 352. so Add the stock in your watch list
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 means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
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.
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






















