BHARATFORG trade ideas
Buy Bharat Forge above 1819Buy Bharat Forge above 1819, Target 826, 845. Reason for trade, stock took support on 50% pullback and reversed, also price took support on 20 EMA. Selling volume decreased and Buying volume increased.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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Medium to Long term swing trade in BHARAT FORGENSE:BHARATFORG
is looking great for an upmove in coming days , stock has broken out of its previous all time highs and also retested its major demand zone , a double bottom in weekly time frame showing buyers coming in the stock , SL of 10% for targets of 1000/1160 levels in coming days, medium to long term swing🙌🙌🙌🙌🙌
BHARATFORG - #intraday Chart Analysis || 2nd June,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 2nd June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
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Bharat Forge: Analyzing Bearish Signals for Potential Options Tr
Based on the analysis of Bharat Forge on the daily timeframe, a bearish head and shoulder pattern has been identified near support levels. Additionally, the hourly RSI is indicating an oversold zone. Furthermore, the stock's relative strength compared to Nifty50 is currently negative.
Traders can consider a positional 740 PE position after the previous low has been broken. It is important to note that this suggestion is for informational purposes only and should not be considered as financial advice. Traders are encouraged to conduct their own analysis and take appropriate risk management measures before making any investment decisions.
#BharatForge #StockAnalysis #TradingIdeas #BearishMarket #HeadAndShoulderPattern
Buy Bharat Forge Target of Rs. 1000+Bharat Forge is engaged in the manufacturing and selling of forged and machined Compoundant for auto and industry sector. This qtr result was good, and some of big institutions also have given buy rating for this ticker. Well i have analyses technically, and i found that this could be a best bet to bet in short term with the target of 1000+ with stop loss of 800 level. Chances are high we will reach on target in coming months.
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BHARATFORG Ready for Upmove ??!!Chart pattern does insist me to go with above titled opinion
REASONS
1. Bharatforg has been trading inside Expanding triangle and currently it is under its upswing move inside the major expanding triangle.
2. In Weekly timeframe, there is a Bullish Pennant formed and Breakout has happened it seems( volume not so good )
3. Target and SL mentioned @ chart
4. SL(less risky) can be Day candle closing out of dark blue Ascending channel .
5. Pink trendline (884 level) seems tough and Day close above that line may confirm the bulls approach !!!
Let's wait and watch how it moves!!!!
Note- Just Sharing my view....not a tip nor advice!!!