BHARATFORG trade ideas
GO FOR LONG BHARAT FORGE SYMMETRICAL TRIANGLEIF 30 MIN CANDLE CLOSE ABOVE 518.50 APPROX THEN GO FOR LONG.
T 1 = 523 APPROX
T 2= 528 APPROX
T 3= 533 APPROX
T 4= 540 APPROX
SL =490 APPROX
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#bharatforge Worth the riskThis is a risky trade, but too tempting. W/ strict Sl it can be traded with the mentioned three levels and it is still a worth risking. In case, the scrip opens gap down or violates the trend line within few mins of opening then no trade will be taken.
Regards
BHARATFORGBHARATFORG can be Good Buy above 200 wma 530 closing.4r T1 680 T2 770 T3 open Sl closing below 200 wma.
Ready to give breakoutSupport at major trend line and ready to give breakout.
Buy - 495 to 500 level
Target - 550
Nearing long term resistance 550Price reaching long term resistance of March 2019, since this is going to be the 3rd attempt to break the level it will be definitely successful hopefully.
If you are an aggressive trader then go long when price takes the support from the channel or if you find a valid reversal.
Watchout for trendline breakoutThe stock looks good above 503.2 level. There is some resistance at 507.45 level.
Shorting Opportunity in Bharat ForgeBharat Forge has made strong Bearish Engulfing kind pattern and also has strong resistance at 520-530 level.
Also Made reversal from top of channel as shown in chart.
Try to short between 502-505 level with SL above 520 and Target at 460 level.
Bharat Forg - Respecting trendline Only take entry once u get a proper breakout or reversal from the levels
BHARATFORG | Looks good for a small swing trade - 12%BHARATFORG | Looks good for a small swing trade - 12%
CMP : 455
SL : 440
Target : 515
#BHARATFORG Inverted HNS Pattern 22 Oct 2020Inverted HNS pattern.
Crossing above 470 can see 520.
SL 440.
Bharat forge on the verge of breakout!stock is on verge of cup and handle break out......buy for handsome gains, if it breaks out tomorrow!
BHARATFORG LONG..Bharat forge above 500
good volume in today trading session
resistance at 523(also 200 SMA)
symmetrical triangle BO given
accumulation zone 423 to 401
