BHARATFORG trade ideas
A very clear Buy set up [ Buy Trade ]NSE:BHARATFORG
b@382
target 1 388
tar 2 396
sl 378
A clear cut break out will come above 382 rs
so I will create long above 382 for intraday target of 387-388 and then the target will be 396-400
Final target will be 420-430 in some days
sl will be 378
BHARATFORG Bearish On 2H chart.NSE:BHARATFORG
BHARATFORG on 2H chart become bearish.
Any high volume candle closing below 353 will confirm the short trade here.
In coming trading sessions if I see any 2H candle closing below 353 I will prefer to short it with Stop Loss of 385 for Target of 309/277
Bharat Forge - Perfect Example of .618 Bullish Retracement .618 Fibonacci Retracement
Most Popular Retracement
Important retracement for a stock that is selling off after completing a good Rally.
#BharatForge is a perfect example of .618 Bullish Retracement and its amazing to see how prices rallied after hitting .618 retracement
Trade Consideration ( Refer Chart )
Point #1 : A good rally
Point #2 : A sharp Sell-off
Point #3 : Exhaustion Candle with huge volume at .618 Retracement Support ( First Clue from Pure Price Action )
Point #4 : Hammer/Key Reversal Candle with huge volume at .618 Retracement Support ( Second Clue from Pure Price Action )
Point #5 : Huge Volume at two important Reversal Candles ( Exhaustion followed by Reversal )
Assignment for Learners: Identify .618 Retracement on daily chart and post in the comment section
If you have Any Questions, please feel free to ask in the comment section below
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Bharatforg 03 July 2020Bharatforg 03 July 2020
Buy BHARATFORG @ 348.50
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Also please read the comments section for changes i give if any changes in the entry level
BHARATFORGEIt trading at a great point, where entry can be taken decided on the breakout on either side from the trendline.
BHARAT FORGE - Self Explanatory chartsBHARAT FORGE - Self Explanatory charts
If the stock has reversed , then any dips/correction in the stocks will be absorbed in the 280 - 310 zone.
Trade type : Positional
if Breaks out - above 400
if Corrects - in the range of 280-310
This view will be negated below 260 levels.
head and shoulder pattern in bharatforgfor positanal prospective only look like after face resistance on neckline it going to fall agin
BHARAt forge intraday setupHead and shoulder pattern may be tested or broken today...next level of support and resistance shown
Bharat Forge Breakout - Trading levelsNSE:BHARATFORG currently above its initial supply zone & in an uptrend.
These levels of reference can be used for trading purpose.
Bharat Forge: Trendline support with volumeBharat Forge: Trendline support with volume. mentioned target in chart.
