BHARATFORGE LONGThere is a congestion zone around 349, where the price has found support and moved upwards. Offering a 2.5:1 RR, which can be increased with a trailing stop loss. Buy at 366, Sl at 352 and Target at 405-406.
BHARATFORG trade ideas
BHARAT FORGE Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Bharat Forge - Divergence at the upper channelBharat forge is up for a contra trend trade. There is a bearish divergence in the upper channel of what could be a 3 wave correction. It is also at an important resistance level.
BHARATFORG: RSI Bearish Divergence, near major resistance zonelooks good for shorting after the trend line is broken.
can fall up to 332
BHARATFORGETake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
For online course feel free to DM
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Bharat forgeBuy above 382 with the stop loss of 378. Targets are 386, 390 and 394.
Sell below 373 with the stop loss of 377. Targets are 369, 365 and 361.
BHARATFORGGo Long
Buy-> BHARATFORG Above-> 337 for the target of Rs. 372 - 438 +
Stop Loss Rs. 298
Holding period should be 10-12 days.
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expect a retrace and a boomit is approaching to a good resistance area . Small pullback could be expected before the breaking
buy above 357 and safe traders could put a target of 379 range others could set at 390,400
SL at 336.75
happy trading
BHARATFORGETake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
LONG BHARAT FORGELONG NSE:BHARATFORG 336
SL 330
TARGET 349/355
Stock is in uptrend and good supply zone is near 336 level
Bharat forge- Volume ContractionHeavy volume contaction
Expecting a big move in any direction ,When the price falls out of the box
BHARATFORG LONG 285.5Inside channel, it if reaches demand zone then there is huge reward. Strict SL is required because it will break downwards after coming out of the channel!
Bharatforg can be taken for long entryOn daily chart Bharaforg stock Break out level seen clearly & stock closing above that level which is the good sign of bullishness. So in next trading session this can be taken for long entry above the level of 335 till next level @ 365. 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. The idea sharing is for educational purpose only. in case any suggestion advice required feel free ask .kindly follow for more educational ideas.
BHARAT FORGE IS READY TO FALL AGAIN SEE HOW !1PRICE ACTION BACK ROUND OF BHARAT FORGE
1. On request of one of my followers who is very curious to know price action of bharat forge. This is dedicated to you and all those traders and investors who are trading in this stock or wanted to trade and invest .
2. See bharat froge has made its bottom now no more low . This stock has not started its accumulation process actually in first phase . This is trading at white end of resistance zone which is quite strong . A red channel upper resistance is also providing feel of change in trend from up to down .
3, It can trap more traders by going to upper red dotted line. This will be purely trap move. Otherwise current market price is right place to go down. If it moves down only then accumulation process will start . If upper red channel band and red dotted line is not taken out then see fall to green zone.
4. When accumulation process will confirm you will see move both sides keeping price range bound. If green zone and lower end of red channel is taken out then you can see fall to red lower zone.That should be the right zone for investors to accumulate like smart money will do.
5. Keeping stop loss of zones either side will be very help full to initiate trades with following my all conditions .I every time say I make complete sketch of price move in coming days you just have to time your trade with the help of zones . Believe me my zones, support and Resistance work magically. All post are available on record for your consideration. So invest some time to read them along with comment box questions and replies that are themselves quite educational. Everything I can not write in blog. Many intelligent and informative questions are asked in comment box quite useful for genuine seekers. Rest price will decide.
Note. All trading and investing should be done with the financial consultant approval only.
YOGESH VATS
BHARAT FORGSustained above 296 will lead the price to reach the target of 302.3/309/319 trail sl sl 276
Sell below 256 if sustained then 247/236 is the target with trail sl of 276
**Educational purpose only
