*Bharat Forge* -
*Time Frame*-Weekly
*Study* - Bearish Divergence, A bearish Sign
*Price Zone*- Moving between 600 -915.5 zone
*Conclusion*-If stock breaks above 915 then it may be kept in watchlist for investing purpose. Also, FII activity in this stock is very high
This study is only for educational purpose. Do your own study before taking any trades.
Good evening guys! Here is the analysis Of Bharat forge.
>>It's a neat and clean rectangle pattern breakout in Bharat Forge.
>>As we can see from the weekly time frame, it has been forming a strong resistance and support for the past two years.
>>Today, it has given a breakout because Q1 earnings were released, and the company has performed remarkably well....
SWING TRADE
BHARAT FORGE Looking good for upside..
When it break level 975 and sustain.. it will go upside...
BUY@ 975
Target
1st 1010
2nd 1043
FUTURE AND OPTION
BHARATFORGE AUG FUT – 5 LOT (Qty-5000)
BHARATFORGE AUG 940 CE -5 LOT (Qty-5000)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
...
Bharat Forge Cmp 898 date 27-7-2023
1. Rectangle Consolidation BO above 920.
2. RSI already had BO
3. Higher Lows
Buy above 900 target 920-950-980-1000-1025-1050-1080 SL 850
News:
Bharat Forge granted approval to participate in
potential defence programs in future.
The auto components maker also said that it has
been granted a...
Bharatforge
CMP : 932DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
In the Weekly Chart of BHARATFORG ,
we can see that, it has shown a strong re-breakout of Trendline.
Also it is retested.
Expected momentum is shown in chart.
sell from cmp to 875
sl - close above 875
easy tg - 864
tg2 - 853
Disclaimer : This is my personal analysis for study purpose not intended for trading.
After a clear downtrend the stock is showing some strength.. W patterns break out happened wait for the retest at 800 to 811 level.. potential upside 6% if retest successfully happened.
#nifty #long
price bouncing from the pivot level
price bouncing from the confluence of 18 & 200 day EMA
18 day crossing 200 day EMA
50-100 MACD crossing zero
12-26 above zero
Buy Bharat Forge above 1819, Target 826, 845. Reason for trade, stock took support on 50% pullback and reversed, also price took support on 20 EMA. Selling volume decreased and Buying volume increased.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
If...
1. Day chart , WPettern breakout and retest
50 moving average rising and 200 moving after breakout and retest bullis
Bullish trend revers from bears trend
