BHARAT FORGE NSE:​BHARATFORG

Sell below doji

Short below doji

BharatForge may reverse its trend and may see the levels of 485/489/498/505 in near term. Stock will become week below 472 and may head downwards further.

Levels are mentioned on the chart. Open to Discussion.

Idea described in charts.

RSI showing divergence and KC band confirming short term pullback.

....Levels mentioned in chart

ALL MENTIONED IN CHART

Rounding bottom formation on hourly

Short Tg 455/434/389 SL 543

Long above 514.75 with SL 505.7 T1 517.85 T2 519.4 T3 524.85 T4 529.85 Short below 505.7 with SL 514.75 T1 502.55 T2 501.7 T3 498.8 T4 495.1

Bharat Forge is a buy above 520 SL 500 Bharat Forge is a sell below 500 for small target of 485 which shows a fibonacci support level also. We are also seeing a crossover in STOCH RSI Since NIfty is bullish we may see a bullish move in Bharat Forge

Long bharatforge

BHARATFORG (Bharat Forge Ltd) #SELL BELOW 500

.

* Inverted flag pattern. * Confirmation with flag breakout candle on 21-12-2018 * RSI on bearish zone, STOCH negative crossover and in bearish zone. * CMP- 502.45 SL- 532 TRG- 443 (Risk:Reward=1:2)

GO long at PDH if PDH is broken with SL at PDL go short at PDL if PDL is broken with SL at PDH PDH - 519.5 PDL - 504.7

ALL MENTIONED IN CHART POSSIBLE ONLY BELOW 350 LEVELS