Simple Trade Setup | BHARATFORG | 22-11-2021 [ INTRADAY]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: 22-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Ev
Bharatforgeshort
Simple Trade Setup | BHARATFORGE |02-09-2021NSE: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 750.
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Trade Setup for Date 02-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-
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




