BHARATFORG trade ideas
Buy Bharat Forge Target of Rs. 1000+Bharat Forge is engaged in the manufacturing and selling of forged and machined Compoundant for auto and industry sector. This qtr result was good, and some of big institutions also have given buy rating for this ticker. Well i have analyses technically, and i found that this could be a best bet to bet in short term with the target of 1000+ with stop loss of 800 level. Chances are high we will reach on target in coming months.
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BHARATFORG Ready for Upmove ??!!Chart pattern does insist me to go with above titled opinion
REASONS
1. Bharatforg has been trading inside Expanding triangle and currently it is under its upswing move inside the major expanding triangle.
2. In Weekly timeframe, there is a Bullish Pennant formed and Breakout has happened it seems( volume not so good )
3. Target and SL mentioned @ chart
4. SL(less risky) can be Day candle closing out of dark blue Ascending channel .
5. Pink trendline (884 level) seems tough and Day close above that line may confirm the bulls approach !!!
Let's wait and watch how it moves!!!!
Note- Just Sharing my view....not a tip nor advice!!!
bharat forge long tea cup break out bharat forge long tea cup break out
consolidation breakout ...shape of cup
and handle
handle breaks out
BOX breakout required in BHARAT FORGEtHE counter trading in tight range and need a breakout
the primary trend is up
but since its in consolidation, its better to wait for further moves
BharatforgBharatforg closing 883. Last 10-20 days made the range and create the consolidation move and when the breakout the range and when closing above 900 then buy with stoploss 870 then targtes are 930-970-1000+.
Buying reason.
1 --> Price create the consolidate move and range creteion.
2 --> Also 20 ema and 50 ema perform as a support.
3 --> RSI is also above 50 and weekly above 60.
4 --> ADX is also show the bullish move and +DMI is also rising.
bharat forg Weekly chartBharatforg in weekly time frame then breakout DEC to FEB Consolidation zone will breakout really good returns
BHARATFORG 1DTriangle Pattern Breakout / BreakDown
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
Long Bharat ForgeBO can be seen in the charts of Bharat forge @ 881 for the next target levels of 890 & 900 with SL of 872. Expected to move from the current levels as per price action movement. This is for your educational purpose only.
inverted head and shoulder inside a inverted head and shoulderBharatforg analysis
just for educational purpose , trade safe
BharatForge Short Sell Bharat Forge Is good to sell below 858 , enter only when 15 min candle closes below 858. Reason for trade, have taken support multiple times near 858 level if breakdown happens can give good points also daily chart is looking bearish. Safe traders enter below 854 only. Target 1 = 845, Target 2 = 837. Pls note I am not SEBI certified financial advisor. This is just my view pls take advice from experienced and certified financial advisor before taking trade.
Head and shoulders patternHead and shoulders pattern is formed in bharatforge and it is ready to breakout within few days.......
it took almost 10 years to form this pattern, so it will give a very strong up move if the trendline is breaked....
you can enter this stock after retracement....or tommorrow with proper stoploss.....
Rising wedge pattern reversal in BHARATFORGBHARATFORG
Key highlights: 💡⚡
📊On 1W Time Frame Stock Showing Reversal of Rising wedge Pattern.
📊 It can give movement upto the Reversal target of above 705-.
Bharat Forge is a buy now near breakout areaEntry - 896
Entry reason - Taking support near breakout area
SL - 3%
First target - 6%
BHARAT FORGE - TREND CONTINUATION PATTERN GUIDENSE:BHARATFORG
What is trend continuation ?
Trend continuation means when we are in uptrend and witness a healthy correction most likely sideways movement in a channel and it breaks the correction sideways zone with big momentum candles then it might be signaling a strong new up trend starting.
#so lets see how we can play with trend continuation on a live setup in Bharat forge.
Whats happening in Bharat forge?
*Used Bar chart on a weekly Timeframe.
There are confluence of factors that are signaling this setup.
Lets identify them one by one
1. Prior trend :- The most important thing one should confirm is the existance of previous trend, cause if there is no identifiable previous trend then how can the price form a trend continuation pattern.
As in bharat forge there is a good bullish prior up trend.
* on chart marked as Major up trend.
2.Correction:- The Stock should give a opposite move in the trend with low volumes and the range of movement should be narrow. the tighter the range the better it is.
This correction should not break any major lows in the previous up trend.
As in Bharat forge the corection is in form of channel and its on low volumes.
3.Confirmation signals:- some basic confirmation signals are
(a.) Strong breakouts on small time-frame
(b.) Volume picking up.
(c.) Big momentum candels.
As in Bharat forge formed a strong resistance at 850, the price is unable to break this level from last 1 year in 3 attempts.
on 31-10-2022 it formed a Ranging candle and created a rally base rally power pattern and move above 850 can give a strong break out for a positional target of 1000+
One can hold with a stop loss of 789 and do trail the stoploss with favorable movement.
Hope you like this Idea.
please like and comment.
Thanks for reading.
Keep learning,
Happy trading.
BHARATFORG - Ichimoku Bullish Breakout Stock Name - Bharat Forge Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 911
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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BHARAT FORGE BREAKOUTBharat forge is looking good on daily chart by breaking falling trendline resistance and gives a good close on above that it seems that we can see bullish momentum will continue in this stock so I identified a target on further standing resistance over there and one more target identified on basis of previous trend calculations.
Bharat Forge LimitedBHARATFORG:- Stock has done breakout by giving retesting also keep your eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Bharat ForgeBharat Forge looks like a strong chart in this market. Keep a stop loss at 825 and go long. Bharat Forge is an auto ancillary company and the company has three major products namely, Steel Forgings (97% of the revenues), Finished Machine Crankshafts and Front Axles Assembly and Components.
BUY BHARTA FORGEBuy bharat forge at or below 867
stoploss at 1 hr candle 854 which have high volume
target 2x as per your entry
Bharat Forge All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
SL day candle close only, Target Trigger Price
