Sustaining 553 - 558 will make the price to move towards 563, 568 and 573.
Buy between 540-560 Tgt 760 SL 450 dail closing basis R:R - 1:2
Buy At 544 Buy Some b/w 520-525, SL - 477 (DCB), TARGET - 688/780
You can invest at this point because its consolidating and ready for 40%. It's a inverted head and shoulder pattern
Entry - 450 Target - 550/645/700/788 Stop loss - 425
Bharat Forge daily chart shows Inverted head and shoulder pattern. Can buy at cmp with SL of 518 or can buy in dips. Can go long with trailing stop loss. Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
Classic chart pattern spotted in Bharatforg . All details shown in chart. All the best!
Long above 554 Target 1-588 & if stock able to cross the resist level of 590 then next target price is 635. SL 536. on monthly & weekly BO has been completed . Good risk to reward ratio.
Cup & Handle breakout at 533 Weekly 200 MA breakout at 530 Looking good for 630-700-800 SL below 425 WCB
SEE THE CHART......PICTURE IS BETTER THAN WORDS
The scrip has given a breakout from the trend line and inverted HNS pattern. The next resistance seems to be 601 and 678. See my other ideas for simple price action analysis and highly accurate predictions. Also see previous bharatforge idea with R:R 1:10 and 1:20 ratio. Regards