Breout after a fake breakout and retest. Nifty seems bullish, it may follow the trend.
Entry: 875
SL: 835
Target: 950
Risk: reward - 1:2
If you find it helpful, like, share, and let me know in the comments.
Bharat Forge is the only stock in defense stock that has not hit all time high.
The stock is in strong upmove and it has resistance around 840.
So current target is 840 which is 5% from here. Will be trading in options.
This stock has given breakout of typical triangle chart pattern on daily chart, along with good intensity of volumes, this triangle pattern is typically seen at the end of complex correction in wave Z.
As per wave structure also it is showing same scenario fitting well, overall if it gives up move as a retracement only up to 61.8% of last fall since November 2021,...
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
NSE:BHARATFORG
#BHARATFORG trading bullish and formed ascending triangle.
Levels marked on chart for practice.
Happy LEarning !!
Do Check our today's results and feedback to my direct chat.
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:...
Hello Traders,
This video Link below Box is all about the latest analysis of stocks. You will find it as accurate as the price is moving and respecting each level. This is all in simple technique of taken out. enjoy it.
Yogesh Vats
Hi Traders,
Happy Diwali!
The video link given below box is all about the analysis of Bharti airtel and Bharat forge. This will give you a clear insight into these two stocks with great opportunities to time your trades. You just to understand the conditions along with support resistance levels.
Yogesh Vats
Bharat Forge creating higher moves. So we can expect 10 percent move up side. Stop loss given.
This is for educational purpose only. Consult your financial advisor before take trade.
Hello Traders,
This video link given below box is all about the analysis of Tata Motors and Bharat Forge . My bit is to provide you with the best information on the stock. Please see and feel.
Yogesh Vats
Hi Traders,
This video link below box is the complete weekly analysis of Tata Motors and Bharat Forge. If you see the accuracy of levels marked in both, you will feel comfortable taking positions accordingly.
Yogesh Vats
Hi Traders,
The analysis Of Bharat forge and Tata motors is given in the video link below box, which provides you with the current levels for trading these stocks.
Yogesh Vats
![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]")
