BHARATFORG trade ideas
BHARAT FORGE - GOOD RETEST !Bharat Forge has has given a breakout and has made a successful retest.
Good to enter with nice risk to reward ratio. The setup looks good for another rally to break the recent high
Feel free to comment in this ideaI think the market will take a breath up and eventually move forward
Bharat forge Longcan enter @ CMP and can Expect Targets 680 / 750 for 3 - 5 month time frame. With SL as support
Bharat forge looking good on chartsBharat troge given a breakout after testing resistance many times , Looks like buyers are not going to fail this time , Stock all set to go up , Given a good breakout with good volume , If price sustain tomorrow above 680 it could be a good buy candidate
Keep eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
BHARATFORGE SPOT POSITIONAL VIEWBHARATFORGE SPOT chart is forming CUP WITH HANDLE pattern. If Retest neckline and hold. it may give marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 499 (DCB).
Holding Period - 6 to 9 Month.
BHARATFORG - REVERSE H&S FORMATIONStock has formed reverse head and shoulder pattern and also resistance has been broken .
good volumes are there .
a new journey starts for the stock
BHARAT FORGE SELL VIEWBHARAT FORGE LOOKS A SELL NEAR 654 WITH STOP LOSS ABOVE 669 FOR TGT 1 : 633 TGT 2 : 618 TGT 3 :606.
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain.
This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
Retest_Of_Channelit may show retest on daily time frame as it gave breakout to the channel and ma show restest upto 610
No investment advice just learning and letting others to learn
Bharat Forge Cmp 639.70 dated 5.5.2021Bharat Forge Cmp 639.70 dated 5.5.2021
Rectangle consolidation breakout above 660
H&S already gave breakout above 620
RSI already gave breakout.
Buy for a tgt of 660-700-750 SL 610
It is just a view, pls trade at your own risk.
Bharat forge Cash levels short @ 650- 649 Target 646- 643- 640Bharat forge Cash levels short @ 650- 649
Target 646- 643- 640- 635-630+
Sl above 656
adjust fut levels as per cash levels
Inverted_HEAD AND SHOULDER PATTERN IN BHARATFORGEThere is the formation of an inverted head and shoulder pattern formation and channel Breakout in the chart of Bharat Forge also 50MA may cross 200MA soon and show GOLDEN_CROSSOVER but need to wait long and analyze the chart from time to time
Not any financial advice just learning more and letting others learn if any suggestion pls comment blow thanks
