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Bharatforgetrendanalysis

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. ------------------------------------- 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. ------------------------------------- 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 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:BHARATFORG
by Trading_hawk
Simple Trade Setup | BHARATFORGE | 31-08-2021NSE: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: 1hour time frame. ------------------------------------- Trade Setup for Date 31-08-2021: 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) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:BHARATFORG
by Trading_hawk
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.
NSE:BHARATFORGLong
by yvatsji
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