BharatForge Forging up ?Looking good in weekly chart . May go long for a target of 2220 SL 1080 . Time 20 to 28 days
BHARATFORG trade ideas
Obeying the 100 day SMABharat Forge on its daily chart obeying the 100 SMA and believed to be bouncing back.
BHARAT FORGEstock is in up trend
underwent correction
finding support around 1160
stock might move towards 1215/1230/1244
as long as it holds above 1170
momentum might pick up above 1185
BUY BHARAT FORGE CMP: 1210 TGT: 1230-1240 SL:1200 (INTRA:8/6/17)Today was a tremendous upmove for Bharat Forge. I studied this chart yesterday and concluded that today's was going to be a make or break day. Please observe carefully how it has been in a beautiful, steady uptrend pattern. There is mid-support line as well which has time and again changed fortunes for short term traders. Note that 1210 has been shown to to be critical point here. MACD histogram and crossover suggest that upmove cannot yet be ruled out and today's volumes as well as close near day's high suggests bulls in control. This time perhaps the upper resistance line can get taken out since enough breathing was given previous to this march from previous support zone.
I am recommending targets based on ATR but feel free to book profits according to risk appetite. Also note, trailing stop loss might be be a good alternative.
bharat forge one can buy bharat forge for1206 target , closing above 1206 can take stock to 1280 level
Bharat forge in a new Orbit all-togetherThe stock is at cmp 1144; In medium term frame the oscillators are showing positive momentum ahead. MACD indicator is the daily charts has just gave a positive crossover yesterday after dipping below zero line which is a big positive sign. Stock seems can touch 1210/1260/1330. Stop placed at 1085.
is BForge in 5th wave extension? If yes, awesome risk reward!! My counts are marked. i believe that we are in the 5th wave of larger degree and we have done the 61.8% target of 1097 and is already extended.. if this is..then we may correct this 5 wave up move and head for 900 or so .. !!
Please do provide your comment on how these counts sound? or if you are working with a different counts ?
SL, Targets etc.. are on the chart
BharatForge : Bull's Force ?!There we have simple channeling in Bharat Forge and if the breakout happens as expected we will see new high. Though the potential Double top is not eliminated there are chances for that to fail due to the Bull run, so one may take chance even after the DT failure, but both entries are aggressive only. So Plan your risk first :)
Bharatforge Sliding From Rising WedgeTargets : 980-865 Sell range : 1060-1050 Stoploss : 1120 Duration : 4-5 weeks
Rationale :
The attached daily timeframe chart of BHARATFORG has been steadily moving up over the last many weeks.
After posting 52-week highs of 1175.80 (Touched on 03rd May 2017), stock has been continuously making lower tops and lower bottoms.
This week, the stock also broke the recent lows of 1085 and also staged a downside breakout of a “Rising wedge” like pattern (black ascending line) on the back of healthy volumes, which indicates that selling was intense and the stock looks set to continue the next leg of its downtrend.
Moreover, stock has closed below its important pivot levels, which signals a further downside till the next support levels.
Technical indicators are currently giving negative signals as the stock trades below the short term (13 day SMA) and medium term (50 day SMA) moving averages. Momentum indicators like the 14-week RSI are in decline mode and are not yet in oversold territory. Minus DI has crossed above Plus DI, which shows a negative strength.for the stock.
Negative overall technical set up in this stock is hinting at the possibility of a beginning of downside momentum in the stock price from here.
The overall negative chart and momentum pattern is suggesting a short trade setup for near term.One may look to sell this stock as per levels mentioned above.
BHARAT FORGEstock underwent a correction
now appears will re test the previous highs
one can look for tgt ranging from 1161 to 1193
sl depends on individual traders
BharatForge - Intraday callI could draw an ascending triangle @ 15 min interval. Buy price 1125. Stop loss 1119.
Target: 1) respect the resistance line. (Sell 50 %)
Target 2) Go long if the price breaks resistance line. target 1148
SK
bharat forgestock is in up trend
now in consolidation mode
in that forming a interesting chart formation
keep a watch above 1098 levels
up trend might resume
targets will post later
Bharat Forge Pole and Flag Bullish BO on monthly Bharat forge
interesting to see closing above 1331 on monthly basis
follow up on bharat forge follow up of earlier post with revised target for long term 1250/1300 since the stock has given fresh break out (rounding bottom formation is getting completed)
Strong supportStock has formed bullish hammer at rising trrendline support and its previous resistance zone.
