BHARATFORGThe stock has made base and also tried once to breakout but rejected. It can be bought above 704 with 2% SL for initial target of 10%
BHARATFORG trade ideas
BHARATFORG ShortLooks weak at the break of the band plotted
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
BHARATFORGE can give 13% returns Trading rangeI will go LONG on BHARATFORGE because:
The price is under Support/Resistance zone.
It has touched the support and may reach the resistance zone .
Target would be the Resistance area .
Book profit when it reaches the resistance zone .
Entry - 729
Target - 850
Stop loss - 700
BHARAT FORGE Hello everyone
This chart is Bharat Forge and I made Elliott wave and I am sure this wave is Elliott wave because,
Connect Wave 1 and Wave 3 and get Wave 5
Connect Wave 2 and Wave 4 and get Wave B.
Connect the last one Wave 5 and Wave B and get Wave C.
Thank you for viewing my chart
BHarat Forge Cmp 732 dated 11-2-2022BHarat Forge Cmp 732 dated 11-2-2022
1. Triangle Pattern.
2. Breakdown below 715
3. Fridays Candle Indecisive.
Buy above 760 tgt of 790-825-845 SL 715
Sell below 715 tgt of 700-675-655 SL 760
It is just a view, pls trade at your own risk.
No force in BhartForgEvery time it tries to go up and getting sold of so strong resistance is seen in this counter.
A weekly close above can make this counter ready for bulls until then go with bears every rise is used for selling purposes.
short term target around 640 but will be looking for adding this around 550 after confirming price action.
Till then maintain Stops and use the chart for trades accordingly.
please do follow Trendline.
please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Buy at 787 SL 775 TGT 799 and 808Suggestions are based on my analysis only. Please do your analysis before taking any trade.
BHARATFORGE ready for entry Swing LongTook support at 1 year back broken resistance
broke trendline
+ve rsi divergence
Entry at above resistance zone break and restet
or
on retracement around 708-710
DISCLAIMER: For education purpose only, do your own analysis or consult your advisor before taking position.
Bharat forge maximum limit is 765 - 770 sl 750Bharat forge maximum limit is 765 - 770 sl 750
Bharat forge maximum limit is 765 - 770 sl 750
BHARAT FORGE SHORT-TERM SWING TRADE! Hi everyone, Bharat forge short term swing trade consider buy above: 746, target: 842, stoploss: 731.
LOGIC BEHIND TRADE: Stock has recently bounced from it`s daily support & given breakout of it`s resistance buying on pull back stock also formed (W) pattern, if sustains above 746 stock can test it`s all time high (target identified from harmonic xabcd pattern level 1.131) stoploss is taken low of resistance candle, above 755 shift stoploss at cost. NSE:BHARATFORG
Buy at 754 TGT 760 770 and 780 SL 740Suggestions are based on my analysis only. Please do your analysis before taking any trade.
this stock will hit 745 and is capable of touching 760 soonthis stock will hit 745 and is capable of touching 760 soon . 745 is the resistance zone. strong buying activity seen.delta >2.4 lac.Market profile - close above DAY VAH. this stock will hit 745 and is capable of touching 760 soon . 745 is the resistance zone. strong buying activity seen.delta >2.4 lac.Market profile - close above DAY VAH.
Bharatforge may continue its down-trendFibonacci retracement levels shows after a steep down fall in Bharat Forge, now it has retraced its 50% Fibonacci level.. now it looks like it may continue its down trend..
Bharat forge intradaybharat forge looks for an intraday long position. targets and stoploss on chart.
BharatForg LongI hope you can now see how Bharatforg represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Long in Bharatforge1. Reversal from 200 EMA
2. REversal from trendline
3. MACD cross over
4. RSI divergence
SL: previous swing low
Target: 1:1.5
