BHARATFORG trade ideas
BHARATFORG HOURLY CHART PREDICITIONS⚓hello traders
this is not a financial advise
pls consult your financial advisor first
thank you
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.
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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.
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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.
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.
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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.
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
📈 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.
