Bharat Forge - Weekly EW Analysis - Long Set-up5W down in C of 4 seems done.
Play for previous swing: 25% and trail to ATH in 5th up.
BHARATFORG trade ideas
Learn Price ActionStock create Lower high and Lower lows. This is a negative price action.
Until changes price action from negative to positive.
Bharat forge - Weekly Set-up (Long)Bharat Forge seems to have completed Wave 4.
Wave 5 targets 1800, 2200
Bharat Forge Ltd: Analyzing Investment Potential Technical Analysis: BAT Pattern and Support Levels
Bharat Forge Ltd has formed a BAT pattern in its stock chart and is currently trading with a 34% decline from its recent highs. The stock is finding significant support around the ₹1100 level, which may present a strategic entry point for long-term investors.
Fundamental Performance Overview
Revenue Trends: For the fiscal year 2023-2024, Bharat Forge reported a 10.54% decline in revenue, reflecting challenges in the automotive and industrial sectors due to fluctuating demand and supply chain disruptions.
Net Profit: The company experienced a net profit of approximately ₹1,200 crore, which indicates a decrease compared to previous periods, primarily due to increased operational costs and competitive pressures.
Price-to-Earnings (P/E) Ratio: The current P/E ratio stands at approximately 60.33, which is significantly higher than the sector average of 42.07, suggesting that the stock may be overvalued based on earnings potential.
Debt Levels: Bharat Forge maintains a debt-to-equity ratio of 1.05, indicating a moderate level of debt relative to equity, which could pose some risk but also allows for growth opportunities.
Return on Equity (ROE): The company reported an ROE of 13.26%, reflecting its ability to generate profits effectively from shareholders' equity, outperforming its five-year average.
Bharat Forge Ltd view for Intraday 24th Dec #BHARATFORG
Bharat Forge Ltd view for Intraday 24th Dec #BHARATFORG
Resistance 1310 Watching above 1312 for upside movement...
Support area 1280 Below 1300 ignoring upside momentum for intraday
Support 1280 Watching below 1277 or downside movement...
Resistance area 1310
Above 1290 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
BHARATFORGE | HARMONIC | BAT FORMATIONCan plan for positional long in Bharat Forge
Keep SL as per you appetite
BHARATFORGTrendline support on BHARATFORG on weekly chart. Can be a good opportunity for short term investment with a stop loss.
BharatForg
#BHARATFORG technical update
- Channel support and price is at support
- RSI divergence
Taking long entries.
BHARATFORG - 4th Wave in playBharat Forge
CMP: 1471
4th Wave is in progress.. Expected targets are 1340 and 1200 (38 and 50% retracement levels)..
Bharat Forge | Rising from Demand Zone ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
✅Check out my TradingView profile to see how we analyze charts and execute trades.
✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📍📌Thank you for exploring our idea! We hope you found it valuable.
🙏FLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
BHARAT FORGEBHARAT FORGE, stock is uptrending and now its corrective phase, and hope soon it will move upside, watch its move
Bharat Forge Ltd view for Intraday 4th October #BHARATFORGBharat Forge Ltd view for Intraday 4th October #BHARATFORG
Buying may witness above 1502
Support area 1485. Below ignoring buying momentum for intraday
Selling may witness below 1470
Resistance area 1485
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
BHARAT FORGE - INTRADAY and Shortterm LONGFrom June 2024 this stock price forms Traingle like structure and price is currently at the bottom. Also formed Morning star structure on 26 September and the price is trading the same range. We can place tight SL at 1503 and have target at 1600.
Bharat Forge - At strong support1500-1520 will act as a strong support
Stock is in side ways past 2 months
If holds it can reach1600 areas once more and if lucky will reach 1700 again
Risk reward at 1500-1515 is excellent
View negates if it closes below 1500 with strong volume
Caution advised
Bharatforge is forming down trend!In daily timeframe stock is showning down trend, it is look good for swing short position with target 1500 down side. And SL will be 1569
BHARAT FORGE READY TO RISE FROM SUPPORT!NSE:BHARATFORG
BHARAT FORGE (D) Analysis
Date:
Time Frame: 1D
CMP: 1567
Key Levels:
Support: 1500, 1550
Resistance: 1629, 1665, 1707, 1760, 1800
Bullish Outlook:
Entry: Buy above 1585
Add More: At 1550
Targets: 1629, 1665, 1707, 1760, 1800
Stop Loss: 1500
Conclusion:
Watch for price action around 1585 to determine the next move. Consider adding more at 1550 if the price dips.
Disclaimer:
This is not financial advice. Please do your own research.
Bharat Forge | UptrendBharat Forge seems to be in an uptrend with the supply being soaked up at lower levels.
The stock should start moving up in a day or two.
Will keep you posted on where to book the profit.
For now, 1720 level seems to be of interest
BHARATFORGE -FLAG & RESISTANCE BREAKOUT Bharatforge chart has given double confirmation for breakout 1st is channel breakout 2nd very close to resistane breakout , this video is only for educational purpose how to draw chart not for sugesstion,
Long BharatforgeBharatforge is having breakout from symmetrical traingle and till double top is not there bharatforge will not fall . Time and Price breakout looks good for 1806 target SL below symeytrical traingle.
Trading in a Bullish Channel
Took Support exactly near Fibonacci Retracement Level.
Trading in a channel.
Low Red Volume.
BHARATFORGE AS we a Flag & Pole formation in hourly timeframe and even the price is making lower high lower low and price finally managed to breakout above the trend line and gave a closing
so and we can see the price maintaing a bullish movementem
target - 2000
sl - 1400
bharat forge bullishbharat forge in last stage of elliot, now may become bear and then taking bull signals. prediction not for intraday. it is positional
