This is the analysis of BHARATFORG in the Daily Time Frame. Watch carefully. The chart explains itself.
Results on 12 Feb 2024, so be careful.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your...
Bharat Forge on 4-Hourly Chart looks bullish ass trendline breakout is seen at 698- 700, Not Stock Trading at 705, I am entering the Stock for the Swing trade around CMP 705 Expecting Targets of 750 and will place stoploss below yesterday's Low at 680.
Bharat Forge Ltd - 03.06.2022
The stock is trading @ 659 levels
There is a SUPPORT Zone @ 653 levels
The prices are below EMA
Let the prices go above 678
Watch out for the price action
Hi everyone, Bharat forge short term swing trade consider buy above: 746, target: 842, stoploss: 731.
LOGIC BEHIND TRADE: Stock has recently bounced from it`s daily support & given breakout of it`s resistance buying on pull back stock also formed (W) pattern, if sustains above 746 stock can test it`s all time high (target identified from harmonic xabcd pattern...
I hope you can now see how Bharatforg represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
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.
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Trade Setup for Date:...
NSE:BHARATFORG
Observations:
1) On Daily Time frame you can see that it has already closed above 21DMA.
Please refer below chart : Daily time frame.
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For POSITIONAL trade one can take long position from CMP as well as any dip above 760 level will be good buying opportunity. SL will be...
NSE:BHARATFORG
Observations:
1) On Daily time frame it took resistance from 21DMA which is placed near 775 level.
Please refer below chart : Daily time frame.
2) On 1 hour time frame we can see that major resistance is at 780 and major support is at 719. Any dip above 719 will be buying opportunity for positional trade.
Please refer below chart:...
Buy if sustains above 601 for the targets of 612, 622, and 632 until 589 is saved on the downside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note: This is for educational purpose only.
There seems to be an Inverse Head & Shoulder pattern breakout with good volume. Moreover, RSI above 65 indicates bullish momentum.
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...
![BHARATFORG: Simple Trade Setup | BHARATFORG | 22-11-2021 [ INTRADAY]](https://s3.tradingview.com/l/lEuZLQuV_mid.png "Simple Trade Setup | BHARATFORG | 22-11-2021 [ INTRADAY]")
