BHARATFORG trade ideas
Short for next few weekscurrently in Demand zone...
above 500 it wiil give 550-600
Below 450..expect 400 on chart
Bullish Butterfly - BharatForg - 4h Bullish Butterfly - BharatForg - 4h
PRZ: 467-470
SL: 463
TGT: 481, 487
01-05-2019
Bharat Forge - At Support/Accumulation Zone.Break Out Re-Test.
Accumulate in Support Zone.
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.
BHARAT FORGE - IN DOWN WARD CHANNELIT IS IN A DOWNWARD CHANNEL.
THE PRICE IS EXPECTED TO REACH 457 ONE MORE TIME AND SHOULD START MOVING UP TO 500.
Watchout: At imp levels.This weeks price action will decide further trends, at a very important junction, decisive break on either side will shoot up momentum.
Medium Term Investment Pick: Bharat ForgeBharat Forge has given Buy Breakout on Daily and Weekly already. Now we have Kumo Breakout. Buy CMP 537 Keep CBSL 400 and hold with patience. We might see huge turnaround on this stock. Immediate resistance 605, Sustain few weeks above this.. Expect 800+
BHARAT FORGE- LONG TERM VIEWBharat Forge could be a very good pick for long term.
Probably entering into BULL trend.
Bharat ForgeBharat Forge is on upmove and will be soon in the bullish zone at price levels above 495.
Targets are as shown with stop loss.
Reason is buy signal and price started moving up after 64% of earlier upmove is retraced back.
