BHARAT FORGE Head n ShouldersBHARATFORGE after a leg down, is making an inverted head n shoulders. Awaiting a breakout/reversal
BHARATFORG trade ideas
Bharat forge -2 hr log - Long. can rally to 700Higher low made on 2 hrl charts. Stock rallying off that
Initiate Trade on BharatForgInitiate a Long trade on BharatForg, from 621.5 , SL @ 616.5 , Targets (1) 627, (2) 635 , (3) 641, (4) 650, (5) 660, (6) 668
Time frame :- 7 to 13 days
After completion of 1st target, revise stop to cost
2B Reversal/DivergenceChart has formed 2B reversal pattern which can be used for a reasonable Risk to Reward trade. One can enter a long where SL of 583 is affordable. Target 640
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Bharat Forge reversal may comeBharat Forge has found the bottom around 575 and now looks like reversal may start now.
Support 575 - 570
Target 595
T2 609
T3 619
and more
BHARAT_FORGEConstantly testing weekly demand zone level 1 anything below 624 would test levels around 580. Short below 624 and long above 638 with tight stop loss
Falling wedge divergence breakout tradeThe stock gave a breakout from the falling wedge which was in formation for the past couple of weeks. Now the CMP is around 650 and we can enter above 650 based on further price action or around 645 when it pullbacks.
Enter - around 645-650 zone
SL - 635
T1 - 660
T2 - 665
T3 - 670
For study purpose
Thanks.
BHARAT FORGE LOOKS GOOD TO SHORTBharat forge broke the support zone in daily timeframe and sellers are controlling the market below support zone till now, We need to wait for any price action sell signal to go short, Don't take trade too early.
Tough Times Ahead for Bharat Forge?-Stock broke key trend line on weak earnings.
-Stock retested the trend line and failed to stay above it.
-Stock moved below 50 and 200 DMA recently.
-Selloff on high volume.
-Bearish MACD and RSI.
-Slight bullish divergence on Stochastic so the stock may see a day or two of relief rally but long-term outlook doesn't look rosy.
Not an investment advice. Do your own due diligence.
Sell on rise in Futures I am already in the short selling in Futures , one can look for opportunity in case price move up for little correction and reverse at that level can go short for current target 686, and brake of 670 can lead to side ways or can move til 621
My PredictiveEngine's Intraday call(18-May-18)-BHARATFORG-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 18-May-2018 for BHARATFORG
Sell Below: 723.5 for targets -
T1: 718.1
T2: 714.8
T3: 711.4
SL: 729.3
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
BharatForg taking support from trendlineOn weekly chart, bharat forge is taking support from the trend line. It is trading near it's trend line support.
Long from current market price with a stop loss of 700 with targets of 755/775/800
BHARAT FORGE HEADING FOR NEW ATHBharat Forge moving ahead of all Lines towards a new ATH. Watch out for the first limit of 796 and then beyond. Stop Loss at the Leading Span B. Near future a small bullish cloud too. Stay invested. Views invited.
My PredictiveEngine's Intraday call(06-Apr) - BHARATFORG - ShortBased on my PredictiveSystem's signals, tomorrow (06-Apr) its going to be a RED candle for NSE:BHARATFORG
Sell below: 725.1
Target-1: 719.7
Target-2: 716.4
Target-3: 713.0
Stop loss: 730.1
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
