BHARATFORG trade ideas
BHARAT FORGE (SHORT) 1D NSE1) Bearish Crab Pattern ( Harmonic Pattern )
2) RSI - Bearish divergence
3) Candlestick Pattern - Bearish One Black Crow
4) Strong Resistance @ 503
5) Stock Reversed from Channel TOP
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6) 1st Target - 462-460
7) 2nd Target - 435-433
8) SL - 503-501
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
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BHARAT FORGE IN THE VERGE OF BREAK OUTINVERTED HEAD AND SHOULDER PATTERN
BREAK OUT MAY TAKE IT TO TARGET 1 AND TARGET 2
BHARATFORGNSE:BHARATFORG
DAY TRADING CALL
SHARING KEYPOINTS FOR WEDNESDAY .
pls do not rush to enter your trade on first candle.
always wait for 2 or 3 candles to see the market behavior and than enter your trade accordingly .
enter/ exit/ sl will be decide after 1 or 2 candles,
by the way you already have key levels so it takes no time to setup your trade in live market
HAPPY TRADING..!
[Range Breakout] BHARATFORGBuy Above 447.9, SL 438.2, Target 467.3
Sell Below 438.2, SL 447.9, Target 418.8
Bharat Forge Trading SetupAfter some clear divergence in the price and multiple doji like candles, we can enter a short position just below the last down fractal.
BHARATFORG Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
[Intraday] Bharat Forge Compression BetAs per charts. I will avoid if it triggers long. I will only take if it triggers short.
Short sell in FuturesOne can look for sell set up once it move up and reverse on smaller time frame and look to book near the forecast
#NR7IB #BharatForge#BharatForge notices #NR7IB pattern on daily scale. And stock is trading above short term and mid term moving averages. One can plan for a range breakout trade beyond 447 (Low) and 553 (High) of previous session.
Bharat Forge - Channel.Taken Support & Bounced With Volume.
RSI Hidden Divergence.
Risk Reward Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
