Bharat Forge Long IdeaBharat Forge ready to break out of a symmetrical triangle. Buy at CMP 282 to 285 with a SL of 270 Target 296 and 310
BHARATFORG trade ideas
Long Bharat forgLong Bharat Forge on basis of double bottom & 2618 Trade
Stop loss and Targets are as mentioned in the chart....
Bharat Forge BreakoutBharat Forge is trading in a parrallel channel from quite some time, a breakout from parrallel channel on lower side will lead a movement towards 250 levels. it can be sold at 273 with a stoploss of 284 fora target of 250.
Bharat Forge Ltd. - Hourly AnalysisBharat Forge Ltd.
The prices are forming a descending Triangle pattern and facing a resistance at 280 levels.
If prices move up, the stock can reach 300 330 levels. Support exists at around 265 levels!
Keep a Watch!!
Bharat Forge: It has been in a broader range of 302-270 so far. On the downside 270-265 is the support zone which if broken we can see accelerated selling towards 250-245. On the other hand if it sustains above 302 we may see rally towards 325-330.
BharatforgAfter increase in defence sector FDI, Bharatforg share price may rise to high level. It also near about to cross Moving Avg.
bharatforgestock closed at mid bollinger band and also at trend line support area.. let's see how dis stock respect supports
if sustain above mid bb den again it will fly towards 300 zone and if support break den it will hit lower bb at 255 levels
so stay tuned for more updates on charts and trade setup
TRADING PERFECTLY IN A CHANNEL If it takes support from here and and make a green candle in today's session then can go for buying
Take a long position for Bharat Forge!!! Target 369It's a good time to take a long position and take profit when it touches the 0.5 Fibonacci Retracement.
Stuck Between "A Rock & A Hard Place"Bharat Forge is a good example of several stocks in the Nifty 500 right now. The stock is stuck between former support that's been intact for nearly 6 years (355) and former resistance that's been intact for nearly 15 years (200).
As a market participant, it's difficult to bet on this type of stock longer-term in either direction as long as prices are between these two levels.
As a fresh short or someone liquidating longs, you don't want to be placing orders near 200 because the market's telling you there's still underlying demand there.
As a fresh long or someone liquidating shorts, you don't want to be placing orders near 355 because the market's telling you there's still overhead supply there.
As a result, you have this range develop that neither longs nor shorts want to bet against breaking. Why would anyone want to be the one to force it in either direction when the market punishes you for doing so?
People who are trading the range are being rewarded with gains, while those betting against it continuing are punished with losses.
And thus the range continues.
And it will continue until a large buyer or seller, an institution, puts enough supply or demand on the market to break the range. Once that happens, the positive feedback loop that's been in place will be broken and a new behavioral trend will manifest itself in the market.
So what's the best course of action for someone with a timeframe of several weeks to several months, or longer?
Wait. Let the institutions who set the trends show their hands and then we can position ourselves to ride along to profits with them.
In the meantime, trade the range if you'd like, but until prices break decisively in either direction and begin trending, there's no reason for us to be betting aggressively.
This is how we approach rangebound stocks for our timeframe, which looks out several weeks to months (or longer).
BHARATFORGE STRONG BULLISHBHARAT FORGE Showing good strenth on the chart from the last few days, & we hope that this rally will continue.
just view
buy Bharat forge above 295 for the targets for 320/350/380+, with the stop-loss of 245 closing basis
BHARATFORG - BULLISH TRENDBHARATFORG - BULLISH TREND
BUY ON DIPS - NEAR 250
SL - 237
TARGET - CAN REACH 290
Sentiments(Average)
Buy 80 %
Sell 20 %
Derivative Option OI
Maximum Call @300 (Resistance)
Maximum Put @250 (Support)
