BHARATFORG trade ideas
Bharat Forge - INHS Breakout (Weekly timeframe)Note: This is for educational purpose only.
There seems to be an Inverse Head & Shoulder pattern breakout with good volume. Moreover, RSI above 65 indicates bullish momentum.
bharatforge - Nearing 2 years resistance Price nearing 2 years resistance level and it is expected to break ....
Seems to be very Bullish!!!Analysed levels mentioined on chart!!
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#BHARATFORG DAILY CHART VIEW!!#BHARATFORG DAILY CHART VIEW!!
Bharat Forge Ltd.G has taken strong support at 61.8% Fibonacci pullback level 492.
RSI is 50+ & seems to have bottomed out
If the stock is able to sustain above 545, it may move towards the recent swing high of 567 & above.
BHARATFORG LONG VIEWClean Inverse HEAD& SHPULDER IN DAILY CHART. Sharp Movement expected upwards. To be positioned in Equity Cash recommended for a view of 2 weeks to 3 months.
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BHARATFORGE Consolidation after H&S BreakoutBharatforge is consolidating after forming inverted H&S
RSI is also above 60, which indicates a bullishness
CPR has became narrow, indicating trend ahead
RSI is above 60 on weekly scale too.
There is support at 530-540 on weekly scale.
on weekly scale, it has formed a rounding bottom in the last 3 months
it has given breakout on weekly scale too, sustaining above 550 could take this to 686 levels.
Above 565 There will be blast. You can invest at this point because its consolidating and ready for 40%. It's a inverted head and shoulder pattern
