This is a risky trade, but too tempting. W/ strict Sl it can be traded with the mentioned three levels and it is still a worth risking. In case, the scrip opens gap down or violates the trend line within few mins of opening then no trade will be taken. Regards
Consolidation after upmove and now change of another breakout.
Bharat Forge has made strong Bearish Engulfing kind pattern and also has strong resistance at 520-530 level. Also Made reversal from top of channel as shown in chart. Try to short between 502-505 level with SL above 520 and Target at 460 level.
Bharat forge above 500 good volume in today trading session resistance at 523(also 200 SMA) symmetrical triangle BO given accumulation zone 423 to 401
Seems bullish for 474/84/93 levels. Regards
Price - ₹465.80 Dt. - 10-10-2020 Stock is taking support at ₹463.75. Looking at the last candle the sellers were successful to bring the price back to the opening price. In the next trading session, chances are high that stock will break the support line and will fall more till the trendline. If buyers come in next trading session, then the stock can go up to...
BHARAT FORGE HAS BROKEN THE TRENDLINE ON 1 HR TF, LIKELY TO GO 450 AND BEYOND, KEEP STOPLOSS ABOVE 471
SELL Below 466 TGT 463-460-457 SL 474
This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help...
Bharatforg seems to have traced out a 3-3-5 ZigZag and looks set for a rally. A good entry is to ente on break of the channel with stop at the risk level indicated
Hello traders Bharat forge charts looking good recently taken trendline support can be a good candidate for positional trade DISCLAIMER { Educational Purpose } All investments involve risk. Please Do your analysis before initiating any trade GOOD LUCK !
Bharat Forge Limited : Forging Company ( NSE:BHARATFORG ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or...
Can give an upward breakout to the marked zone.