Bharatforge is trading near its 5 months low, yesterday it touched low of 770 & bounced back from their. If it sustains above 770 in today's session, Then its a buy with very small stoploss of 765 & mentioned targets. Risk:Reward very much in favour of bulls.
main support broken one way move possible to previous support 5% + move
Crossing below 811 leads to 778.20 - 781.05 -For support Further if broken leads to 747
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...
Stock retested it's supportive zone, and ready to move higher. Risk reward 1:2.
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...
bharat forge long tea cup break out consolidation breakout ...shape of cup and handle handle breaks out
tHE 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
Seems results rally ahead, recently stock gone no where ...expecting some moment
Bharatforg 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...
Bharatforg in weekly time frame then breakout DEC to FEB Consolidation zone will breakout really good returns
Mfi in a tight range as well as BHARATFORG NSE:BHARATFORG
Triangle 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.
BO 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.
Bharatforg analysis just for educational purpose , trade safe
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...
HEAD AND SHOULDER PATTERN ON MONTHLY TIME FRAME. target according to the head size