bharat forge is in very strong momentum.first pullback should be used to buy near 914 with sl of 901.50 or slight below 900 for tgt 950.Ichimoku system says its buy on dips stock may consolidate for next two month in the range of 870-1000.but after than no resistance is going to stop this..................... Regards Sandeep 9811695963
Its a long term buy as coppock enters positive territory on 2nd Nov 2016. So far up by 14% since then.
BharatForge will give a long Breakout above 970.20, above 970.20 it can go to the level 979 if do not break the level 961.50 on downside.
Bharatforge will give a long breakout above 959.30, above 959.30 it can go the level 968.20 if do not break 951.50 on downside.
Bharat Forge is forming a weekly Cup and Handle in RSI. Expect breakout above 936 for a target of 1400; SL 827
Bharat Forge after trading in down trend, has been forming a cup and handle pattern,it has broken the handle and seems to have established up trend from here and may see the target of 1146 in the couple of months. traders may enter long in this stock with a first target somewhere between 968-970 in near term.
BUY BHARATFORG ABOVE 858 TARGET 867-876 SL 849
NSE:BHARATFORG Buy Range - Rs870- Rs910 Stoploss - Rs813 ( on weekly closing basis) Targets = 1 - Rs1025 2 - Rs1154 3 - Rs1310
Bharat forge good to long above 920 for long term for 1120 below 886 can open up 840 again. both 920 and 886 should be done on closing basis.
This trade on Bharatforg may take a month or so to complete the full trade, its for positional traders who trades on short term a month or two. Dont expect this to happen over a week or 2,3 days Happy Trading !