Bharat forge intradaybharat forge looks for an intraday long position. targets and stoploss on chart.
BHARATFORG trade ideas
BharatForg LongI 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 the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Long in Bharatforge1. Reversal from 200 EMA
2. REversal from trendline
3. MACD cross over
4. RSI divergence
SL: previous swing low
Target: 1:1.5
Bharat forgeBharat forge
By above 695
Target 722,759,832
Stop loss 680
By above 695
Target 722,759,832
Stop loss 680
Bharat Forge Breaching the consolidation stage
After consolidation position between 727 & 834 now has started breaching the support level at 727 which forms triple bottom position and going downwards and presently at 693. If breaches the immediate support level at 693, there will be an immediate fall, unless there is any positive trend in the next 1 or 2 days. cautious for a new entry.
A Good BreakDown? Lets ObserveResistance is crossed along with good volumes. Keep in mind that "Risk Management" is very important in trading.
Bharatforg expecting bounce from supportNSE:BHARATFORG
add zone 740-730
SL closing below 705
T 770, 800, 825
If close above 845 then can see 880+
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) 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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BHARAT FORGE TRENDLINE BREAKOUTBUY ABOVE TRENDLINE BREAKOUT
Stock already broke previous long-term trendline and forming consolidation taking support of the same trendline
the last candle took support of 50 EMA
STRATEGY: BREAKOUT - BHARAT FORGEBHARAT FORGE broke key level 822 with a good volume and with good momentum. Now this can act as support.
Buy @836.35
Stop loss @813.15 (-2.55%)
Target @895 to 900 (+7 to +8%)
RR: 2.86
bharat forge ready to takeoffit is currently at trendline resistance and once candle closes above trendline buy in cash for target of 876
good luck
BREAKOUT IN BHARAT FORGE -- SWING TRADERefer the chart for entry, sl and target. Breakout with a big green candle and high volume. Chart is self explanatory. Trade with proper risk management. Thanks. Cheers.
Swing trade- Bharat forgSwing trade( 5 to 6 days max)
add @ 830-832
target- 856-858
As goods results are expected to declare and stock is trading near its resistance and lifetime high, if results are good then could see a good upside and a new 52 week high
Near ATH - How much further ? - BHARATFORG12 weeks consolidation
At ATH
2 good quarters
pocket pivot today
good volume contraction
BharatForge-Muhurat Pick-2Bharat Forge : Muhurat Pick - 2
Long above 795
Add in dips till 750 with SL 700
