BHARATFORG trade ideas
Buy BharatForg PositionalResults are good. Stock is getting very good support near 470 levels. Buy BharatForg in cash segment 1 lot SL#465 and TGT#490/500/515/530. Period short to medium term.
Bharat forge short again and gave another 12K profit Intraday
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10K profit in Bharat forge per lot (trade still active)Bharat Forge short at 504 gave 10k returns intraday
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Harmonic based Intraday and short term FNO calls with 85-90 percent accuracy
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t.me
Bullish view on BHARAT FORGEDOUBLE BOTTOM FORMATION ON DAILY CHARTS, STOCK HAS BROKEN 3 WEEKS HIGH & GIVEN A DECISIVE CLOSING. LOOK GOOD ON CHARTS FOR SHORT TERM INVESTMENT & TRADING PURPOSE.
BHARATFORGE - Inside Bar Trade IdeaLong above 488.65 with SL 474.85
T1 492.4
T2 493.8
T3 496.8
T4 497.9
T5 499.8
T6 502.65
Short below 474.85 with SL 488.65
T1 473.9
T2 473.1
T3 471.2
T4 470.2
T5 469.6
T6 466.2
T7 459
T8 456
Positional LongTerm Investment - BharatForgAfter a constant decline from 800 odd levels stock is consolidating beween 500-470. Stock noticing good support at 470 levels and noticing a bullish crossover on weekly charts. Bullish doji at the end of a downtrend shows signs of an early reversal. Downside of the stock is limited and has huge upside potential. Above 494 where its facing huge resistance, stock may see 515/530/540/590 levels in medium to long term. However since market is bearish further decline can't be ruled out, if it participates in correction. For safer side keep writing the nearest ATM subsequent expiry CE and employ an covered call strategy.
6 Month investment period may generate 30% ROI from hedging (written calls) and you may earn 10-20% ROI from the stock movement. In case of decline roll down the written CE when premium falls below the nearest ATM CE. This will help you hold the stock for long term while earning monthly 3-5% ROI from hedging. Money earned from hedging may be used for reinvestment especially when stock declines.
BharatForge Looks Good To RallyBharatForge may reverse its trend and may see the levels of 485/489/498/505 in near term. Stock will become week below 472 and may head downwards further.
