BHARATFORG trade ideas
Bharat forge in bullish modeBuy Bharat Forge above 501 level for the target price of 515. Stock making higher highs & RSI Divergence is also on bullish mode. stock is at the resis level of 500. So Add the stock in your watch list to see the price action movement of the stock, SL can be kept around 488. After the level of 515 we can see more strength in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
BHARATFORGFinally cleared the 200ema and resistance at the previous gap.
It should touch 409 first as it is 61% fibo level.
BHARAT FORGE : THE LAST UPSIDE PUSHBUY ONLY IF THE LEVEL OF 480 HOLDS FOR THE TARGET OF 520/545. AND Finally reverse the position for the retracement of this extended rally for the target of 450/400/370.
long as rs line above 0 Analysis is simple , rs line above 0 which states that stock is currently outperforming , mainly look at the wide range candle with volume expansion shows stronger hands buying into the stock. so buy above 522 with stop loss at swing low or wide rang candle low.
Wave count Bharat Forge - From last lowOm Namah Shivay
Trying the counting of EW for Bharat Forge from last bottom level. I Assume a Double Three. It could be at making of 4 if levels are respected.
Om Namah Shivay
BHARATFORGE MAY GIVE BREAKOUT IN INTRADAY Bharatforge gave BO on 13 Aug, since that it has been consolidating. Looking at the chart structure it may give BO. Buy would be recommended above 515 for the target 530.
Bharat Forge Bullish FlagGood Rally can be seen above 505 for a target of 540-50-70 with an SL of Rs 480
Bharatforg intraday bullish seen above 503According to my study this stock shows a bullish momentum above the marked 503 levels.
Reason 1 : trend of the stock
2: Ema lines movements(relative) and its direction
3: technical indicator supports along with narrow cpr
4:trend line resistance breaking probability( pink line on chart)
5: delivery buying probabilities at current levels.
As a sum ...if market support it can go abv 503 levels . if so you can consider this for your watchlist.
THIS IS STRICTLY FOR EDUCATIONAL PURPOSE & NOT A RECOMENDATION.
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Bharatforg Flag FormationFlag formation can be observed on the daily time frame. Share price could go up to 535 - 540. However SL would be deep at 445
#Bharatforg if sustain above gap then fire Its my View , check your view then trade bearish if close bellow 1200
#BHARATFORG - DAILY chart bearishBHARATFORG - Bearish setup
DAILY chart analysis
Harmonics Pattern
Hope my Chart Helps !!!!
BHARTFORG BUY IDEABHARATFORG is in strong upmove and then a consolidation,making flag pattern.buy if 1 h candle close above red line.
Bharat Forge Long term positonal tradeLong entry at Rs 490 with Rs 420 as intial stop loss.
Setup:
1) Nifty is heading upwards
2) Nifty Auto just gave a fresh breakout from long term downtrendline
3) Bharat Forge also gave a breakout accompanied by Good Volumes and a move of Relative Strength from Negative to positive territory.
4) Face of moving average is also up.
5) Trail stop loss with 30 Week WMA and Swing Low method.
This is Steve Weinstein Strategy discussed in his book.
Breakout as expected. Price rejecting at 380 level for couple of days and price was inside a channel after the big fall. Was expecting it to break the range and it did break the range 380 and see the power it is almost 100 points up today. Book your profits there can be a possible retracement.
BHARATFORG looks much attractive breakoutheyy guys...!!
Wait for the current 1 day candle to close above 440 then just act like a snipper and BOOMMMM.....
Consult your Financial advisor before taking a trade, these are for educational purpose
