BHARATFORG trade ideas
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: BHARATFORG
🔍 Description: Stock is making Broadning pattern and either side breakdown or breakout can give clear direction.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Bharat Forge*Bharat Forge* -
*Time Frame*-Weekly
*Study* - Bearish Divergence, A bearish Sign
*Price Zone*- Moving between 600 -915.5 zone
*Conclusion*-If stock breaks above 915 then it may be kept in watchlist for investing purpose. Also, FII activity in this stock is very high
This study is only for educational purpose. Do your own study before taking any trades.
Significant breakout in BHARAT FORG.Good evening guys! Here is the analysis Of Bharat forge.
>>It's a neat and clean rectangle pattern breakout in Bharat Forge.
>>As we can see from the weekly time frame, it has been forming a strong resistance and support for the past two years.
>>Today, it has given a breakout because Q1 earnings were released, and the company has performed remarkably well. The company is witnessing its highest sales ever, and its fundamentals seem promising.
>>Now, talking about the breakout, even after breaking the trend line, its volume was not up to the mark.
Entry.
>>The entry would depend on two scenarios: First, we can wait for the candle to pull back a little; if it does, it could be a great time to take a position.
>>Secondly, if we find that instead of coming down, it is sustaining above, it could again be a good time to consider aggregation.
>>There's a strong trendline above the breakout line. There's a good chance that it might retest the larger trendline. We can aim for a 10% gain while setting a 10% stop loss.
Additionally, I've noticed that some people become impatient when the price starts moving sideways. Always remember the reasoning behind your trade and stick to it. Stay disciplined, and make sure you have a proper stop loss in place.
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Needless to say this was for completely educational purpose do consult your finance advisor before investing.
BHARAT FORGE 1HRSWING TRADE
BHARAT FORGE Looking good for upside..
When it break level 975 and sustain.. it will go upside...
BUY@ 975
Target
1st 1010
2nd 1043
FUTURE AND OPTION
BHARATFORGE AUG FUT – 5 LOT (Qty-5000)
BHARATFORGE AUG 940 CE -5 LOT (Qty-5000)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
TRADERS HOLD SWING TRADE FOR LONG TARGET
Bharat Forge Cmp 898 Rectangle BO, RSI BO, HLBharat Forge Cmp 898 date 27-7-2023
1. Rectangle Consolidation BO above 920.
2. RSI already had BO
3. Higher Lows
Buy above 900 target 920-950-980-1000-1025-1050-1080 SL 850
News:
Bharat Forge granted approval to participate in
potential defence programs in future.
The auto components maker also said that it has
been granted a license for small arms and
ammunition by the Ministry of Home Affairs under
Arms Rules, 2016.
It is just a view, please trade at your own risk.