Baluforge An ascending triangle is a breakout pattern that forms when the price breaches the upper horizontal trendline with rising volume. It is a bullish formation.
BALUFORGE trade ideas
BALUFORGE ANALYSISBaluforge appears promising, with horizontal resistance on the weekly timeframe and declining volume on the daily chart. Consider placing a stop-loss below the recent swing low and targeting a 1:2 risk-to-reward ratio.
BALUFORGE - Is it time for the Surge? Technically, this is a continuation consolidation. Usually Wave 3 which is about to start is considered to be the longest. So fingers crossed🤞.
Balu Forge Industries Limited is a leading Indian company that manufactures crankshafts and other forged components for various industries. The company was founded in 1989 and has since expanded its operations to become a preferred supplier of crankshafts to OEMs in India and around the world.
The forging industry plays a crucial role in supporting various sectors, including:
Automotive: Forging is used to manufacture critical components such as crankshafts, gears, and axles.
Aerospace: Forging is used to manufacture lightweight, high-strength components for aircraft and spacecraft.
Energy: Forging is used to manufacture components for wind turbines, hydroelectric power plants, and nuclear power plants.
Construction: Forging is used to manufacture components for heavy machinery, such as excavators and bulldozers.
Balu Forge caters to these sectors by manufacturing a range of forged components, including crankshafts, gears, axles, and other critical components.
In terms of market position in India, Balu Forge is a leading player in the forging industry, with a strong presence in the automotive and aerospace sectors. The company has a market capitalization of around ₹8,962 crore.
High probability trade on balu forge around 835-840 levelsIts 5th time it's testing a range of 840-845 levels a long trade can be initiated expecting a breakout this time in the range of 835-840 with minor sl around 825-827 levels for targets of 860++ 885+++ 905++ 954++ 1000 levels Maintain proper sl as risk and rewards are yours
Balu Forge Industries - Rectangle PatternBalu Forge Industries has formed long rectangle pattern. Now, it seems to break the rectangle resistance soon. Volume has risen from last 3 days. Lets us see.
First Cheat entry was above 772 level. Conservative traders may take entry above 870 level.
BALUFORGE reverse BALUFORGE is reversing from it short term support line.
price is consolidating after a huge up move,
now it is again bouncing back from this consolidation support line.
quick swing can be done
Medium term trading opportunity in Balu Forge for V. good upsideHi,
NSE:BALUFORGE has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Can this stock break 870 875 levelA long trade can be initiated if 870 -875 levels are broken on upside and maintaining sl around 825-820 levels for target of 920 ++ 944 +++ 988+++ 1020+++
Baluforge - Weekly supportBalu forge - weekly chart
stock take support at 70 % of weekly candle
Volume profile showing more BUY than SALE .
Lets see what will be the Q-2 results
disclaimer :This is not a buy sell recommendation - only for study purpose .
BALUFORGE... Simple and powerful price action setupAfter a pull back #Baluforge is all set to continue its journey.
Goood stock for long term as well as short term gains.
Disc : Invested, for edu only.
Balu forge at 730 sl 705 TArget 788 800A long can be initiated on baluforge for very short term target of 780-800 with sl around 710 levels
Baluforge around 740 levels a strong demand zoneBuy baluforge around 740-750 levels for target of 793++ 820+++ 855+++ keeping the stop loss around 720 725 levels.
BALu Forge - Momentum Breakout CandidateA stock that's got potential to break out into further momentum.
The stock has been one of the out performers in this otherwise weak market..
Buying the stock breaking out into new highs might give some quick gains.
Long above 600 with Stoploss below 570..or intraday 2% below cost for aggressive traders.
BALUFORGE - Ichimoku Breakout📈 Stock Name - Balu Forge Industries Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 535.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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BALU FORGE Short Term (Positional)Date : 03-07-2024
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SWING RESEARCH TO OBSERVE
BALU FORGE Looks Good ABOVE 350
SL 175
Target 425, 502, 579, 733
Hold few Months
Please consult your financial advisor before investing
All research for educational purposes only.
Baluforge..looks strongafter all bad news in last few months stock has gained momentum
CNH is complete.
Close adove 320 is needed for further upmove
Target 540 based on CNH
Balu Forge - Breakout retestA stock which broke out on the back of good results and a strong guidance.
Post the first move it cooled off and is now retesting the breakout.
Looking to see if it can bounce from right here or atleast from 219..whereever it bounces it could make for a good buy candidate.. (ideally from here itself)
IF the buy is here then the SL would be below 215. If the buy is on a 219 bounce then keep a 5% SL.
Balu Forge - Wedge BreakoutThere would be a wedge breakout above 190.50.
Long above that price with a stoploss below 178.
