bharat forge is also on the race for being a top gainnerread the boxes properly for info, bharat forge is over streched so keep a keen watch on this stock
BHARATFORG trade ideas
📈 Pre-open MTF #PriceAction Analysis by #KRMG (24 Aug)👉 Stock 1- #BHARATFORGE
👉 Sector - AUTO
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside when it made Higher High to ALL TIME HIGH Level and now trading below it important Support level of 745
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 700 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
🎯 Coming to sectoral pattern - #NiftyAuto is currently in Good Downtrend and making Higher low Pattern as per daily Timeframe where it have space till 9500 Level
#KRMGPriceAction
#LearnWithKRMG
[ INTRADAY ] BHARATFORG SHORT BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Bharat Forge is @ resistance.Bharat Forge is @ resistance.
It might break out. Can go long if this closes above 850.
Do add this stock to the watchlist and keep an EYE.
Bharat Forge - Are bears interestedNSE:BHARATFORG has framed a pennant pattern ( T1 & T2 ) and broke its supporting trendline T1 that may boost the confidence of the bears.
One may short it with a stop loss above 820.
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Bharat Forge Cmp 783 11.8.2021Bharat Forge Cmp 783 11.8.2021
1. Bullish Engulfing pattern made at Support Line.
Buy for a tgt of 805-820-850 SL 745
Higher tgt of 950.
It is just a view, pls trade at your own risk.
Bharatforge BreakoutBharatforge half qty entered with sl 790. Let see if it closes strong then can add more.
Swing Trading in BHARATFORGNOT A BREAKOUT IDEA
Continuing to stay with the trend.
BHARATFORG made all time high on 13 July 2021.
Then it came down to low of 766.95 on 28 July 2021.
After that it is showing signs of trending up as ADX is above 30.
With a stop loss of recent low i.e., 766.95.
There is a good probability of crossing all time high levels.
Bharat ForgeBuy above 802 with the stop loss of 797. Targets are 807, 812 and 818.
Sell below 796 with the stop loss of 801. Targets are 791, 786 and 781.
#Bharatforge cash : Looks good above 815.10#BharatForge cash
19.07.2021
Looks good above 815.10
stoploss 805
Target 823/832
Cmp 812.05
BHARATFORG Long SetupBHARATFORG Can go long at 820 with stop loss of 800 for the target of 840 and 860
Bharatforge - intraday Sell from 817 to 820
easy target 795
Disclaimer : This is my personal analysis for study purpose not intended for trading
