Apologies, Im still figuring how to populate everything but here's a good one... I've shared a summary as well
Clear breakout visible on Bharat forge.... Bharat forge posted poor Q3 results but commentary was encouraging... this may be the reason of forming Marabozu candle.... expecting 1250-1300 levels in coming 6 moths...
CMP - 940 SL - 942.5 Target - Closing basis
BHARATFORG Long Setup Daily
as we can see the piercing pattern there and bullish kicker signal and bullish divergence add to it and stochastic hitting oversold level
Clearly formed pattern with alternate touches both sides. The stock is showing strength although market is in bear grip. One can expect the price in the range of 1110 - 1145.
Vertical price move from 05.12.16 to 08.12.16 has formed a pole and pattern gave breakout after 2 days of consolidation which is normal for flag pattern as it is a small pattern. It seems a good Flag formation as the volume on last day of pole and on the breakout day was relative higher. One can enter long now for a target of 1060. Stop Loss closing below 944.
bharat forge is in very strong momentum.first pullback should be used to buy near 914 with sl of 901.50 or slight below 900 for tgt 950.Ichimoku system says its buy on dips stock may consolidate for next two month in the range of 870-1000.but after than no resistance is going to stop this..................... Regards Sandeep 9811695963
Bharat Forge is forming a weekly Cup and Handle in RSI. Expect breakout above 936 for a target of 1400; SL 827
Bharat Forge after trading in down trend, has been forming a cup and handle pattern,it has broken the handle and seems to have established up trend from here and may see the target of 1146 in the couple of months. traders may enter long in this stock with a first target somewhere between 968-970 in near term.
BUY BHARATFORG ABOVE 858 TARGET 867-876 SL 849
Bharat forge good to long above 920 for long term for 1120 below 886 can open up 840 again. both 920 and 886 should be done on closing basis.
This trade on Bharatforg may take a month or so to complete the full trade, its for positional traders who trades on short term a month or two. Dont expect this to happen over a week or 2,3 days Happy Trading !