BHARATFORG trade ideas
trianglestock is trying to form triangle, volumes are coming in, if it breaks triangle. it may run upto 9-10%
risk 1/4 th on breakout and rest add on pull back
keeping sl =5 %
Bullish Falling Wedge pattern on Bharat ForgeI am not a SEBI registered advisor and not advicing anyone to take trades based on below description. Please connect with your own advisor and then take trades.
Bullish signal by due to price crossing EMA 89 on daily chart. Also formation of falling wedge pattern indicates bullishness.
Will initiate buying between 715-745 levels with SL below 700 on daily closing basis. Target would be 845.
BHARAT FORGE WEEKLY CHART Trading in rising channel . near to weekly support . intraday tgt 753-755 ,positional 7700-773
AWAITED RANGE BREAKDOWN OR REVERSALCPM 727
Retested the previous range low of 718
Breakdown below 710
T1 700
T2 680
SL 725
Reversal will push the price to top of range
T1 745
T2 770
T3 800
SL 710
bharat forge analysisvery soon the stock will give a breakout and green rally be initiated buy on the breakout/ retest
target_840++
BharatForge 30min chart Ascending Triangle 28 Sept 2021BharatForge 30min chart Ascending Triangle 28 Sept 2021
Bharat Forge Short Term ReversalThe stock has reached lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below multiple support zones & lower trendline. The target is placed near upper trendline and swing high.
Note: Earnings will be disclosed during the trade duration and may affect the trade. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.
BHARATFORGE - A strong setupBullish engulfing candle followed by 50 EMA and POC support.
View negated below 750 daily close.
BharatForge-LongBharatForge CMP - 789 *Positional Trade Setup* Looking bullish in higher time frame. One can go Long with mentioned key levels in chart.
If you like this idea and this Analysis just please like this idea and leave a comment.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
rounding bottom formationprice has broken rounding bottom with wide spread and volumes. with 755 as sl we can go long .
BHARATFORGE SHORT WITH SMALL SLRSI BEARISH DIVERGEN
CHANNEL PATTERN
We are not Investment Advisor, All calls are for educational purpose and for paper trading. We do not have any access to any non-public information about any company. We are not giving an Financial advice for investment & trading.
[Positional] Bharat Forge Long & Short BetBuy if breaks above : based on bullish Flag theory
Sell if breaks below : Based on mean reversion theory
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , Trade Setup based on option Decay !
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
=======
BHARATFORG LONG INTRADAY 25 JUN,2021Dear trader,
If u look at the chart of BHARATFORG (analysis based intraday only) the BHARATFORG Buy at 735 and
Target at 750
Best Buy at 732
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
BHARAT FORDGE bullish Twizer bottom formed at main support bullish Twizer bottom formed at main support, can go long once falling wedge flag pattern given breakout
rising channel setting through trendlinesthis is a good example of rising channel and price action on history based trendlines.
BHARAT FORGE The share is on a crucial support and is likely to breakdown further to the given levels.
