BharatForge50 DMA crossed 100 DMA downside. See the impact. Price went below 200 DMA. Now 100 DMA is about to 200 DMA on the downside. When this happens, price will see new low. These are simple and effective studies to track a trend.
BHARATFORG trade ideas
Bharat Forge Support at ChannelOn hourly basis, strong support at 760.45 and Bearish Harami followed by hammer formed at the support. Entry can be take at 765.32 with SL at 771.26
Short Trade: BharatForgNegative Divergence, short call given, target has bee achieved. It is prudent to book profit.
Impulse Wave4BHARAT FORGE, Showing Bigger corrective structure, lets see if it could take one more down or will continue higher.Its Impulse pattern as per my opinion.
Long term bullish on Bharat ForgeBharat Forge seems to have traced an extended zigzag and is right at the bottom. It's likely that an upmove starts soon (without making a new low). This up move should take it to newer highs.
Bharat Forge possible Elliott countThis is in relation to my bullish outlook on this stock. (I've provided the link for original post below too.)
