BHARATFORG trade ideas
Bharat Forge - MonthlyThe stock has broken out of huge Cup and Handle on the monthly scale! More strength can be seen coming ahead!
#BHARATFORGH > 681.50 will be new BoxBO
D/W/M >100
TGC = True
Target 876/1198 (Trend based fibo)
Time 33/3 = 11 months
SL = 570
BHARATFORG: Loosing ground, not much steam left.......... Levels & detailed plotted & mentioned on chart.
BHARATFORGE BreakoutBHARATFORG has been respecting the neckline for a while. currently in a breakout/reversal zone
Bharat Forge - Cup & Handle - LongBharat Forge has exhibited a Cup & Handle Pattern on the Weekly Charts
Height of Cup = 1210 - 680 = 530 points (Approx.)
Hence, target is 1210 + 530 = 1740 Rs
Formation of bearish divergence on 30 min chartFormation of bearish divergence on 30 min chart, Intraday Sell 1245 with Strict SL of 1265 Trgt 1220-1200
Possible trade set up If price stops and reverse in this Zone then its good to go long for 2 to 3 days until the weak price action , if fails to hold this Zone one can look below
still i am expecting the bounce should occur near 1095 to 1105 , Target would be 1200 +
Bharat Forge- Breakout 1200 tgt 1263.Bharat Forge has formed cup & handle pattern on weekly charts. Breakout above 1200 can lead to stock back to its ATH of 1363 in few weeks. 20EMA, currently at 1131, which is also near the lower end of the upchannel can be used as SL. We hold.
BHARATFORGE BreakoutBHARATFORGE is in the breakout/Reversal zone, on a neckline .
Also it hasnt made a lower low since august 2016 on the daily timeframe.
Bharat Forge :: Keep a watchBharat Forge seems to be on the way to create a Rounding Bottom Formation. Keep a watch.
Please do not treat this as a recommendation to buy or sell.
BHARATFORGE Triangle BreakoutBharatforge is in the Breakout / Reversal Zone.
Moving in a channel for almost an year, had a great leg up from 720 to 1220
approaching /retesting another channel sup/ res orange band for a breakout/ reversal.
It can make a leg down inthe triangle before breakout on the upside.
bharat forge looks bullish in medium termprice is in uptrend channel in weekly time frame. and current trend is up,
So it can go to the channel resistance easily
sl - 1070 1st tgt - 1210 2nd tgt -1280
Bharat Forge : Riding rising wedge pattern Stock managed to hold rising wedge support line .
Stock may rise till upper resistance of Rising wedge
patter.
Pattern failure below 1120.
BHARATFORGE BREAKOUT OPPORTUNITY FOR MONDAYBHARATFORG seems good buying opportunity for monday,but condition is here
BUY bharatforge above 1st 30 minute candle or abv 1160 with sl~1140 for tgt~1190/1210
for 1/3days
Possible long set up for day trade I am looking small move of 15 to 20 Points based on how it opens, if price is in Positive i would look for very small trade ,
Risk to reward is not good but still would like to see how it pays
Regards
BharatForg: The Bearish GartleyThe Pattern has not yet completed itself so in anticipation of it being a bearish Gartley, the potential reversal point could be around 1174. The level 1158 could also act as a supply zone, so I would call 1158-1174 to be a potential reversal zone. If price breaks above the yellow trendline (shown in chart) it would have tendency to test the reversal zone. The pattern would fail if 1174 zone is breached on the upside.
If price breaks below the yellow trendline, 1064 should be a level to watch out for. The price may reverse from this zone to complete the pattern on the upside.
Hit like if this idea was informative and helpful. Comments are welcomed.
Trade safe.
Best Regards
Bravetotrade
BHARAT FORGE: Is waiting for RESULT to BreakOUT - Result SERIESBHARAT FORGE Prepare for Breakout.
Projection of some HARMONIC Pattern .
All Plotted in Chart.
Trade setup on Query / in Market hour when opportunity comes .
For FnO strategy: On QUERY .
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
