BHARAT FORGE Bullish or Bearish ???Updated chart with levels
1. 1 Month: Delivery volume fell by -52.37%
1 Day: Delivery volume fell by -20.42% over 5 day average
Current price is more than the intrinsic value
3 year CAGR growth
Revenue -8.5%
NetProfit %
OperatingProfit -20.6%
F&O data suggests Short Covering today
Mutual Funds have increased holdings from 10.92% to 12.21% in Sep 2021 qtr.
FII / FPI have decreased holdings from 25.3% to 25.1% in Sep 2021 qtr
View Negated if it doesnot form tripple top
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Like If you agree
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BHARATFORG trade ideas
BHARAT FORGE Bullish or Bearish ???1. 1 Month: Delivery volume fell by -52.37%
1 Day: Delivery volume fell by -20.42% over 5 day average
Current price is more than the intrinsic value
3 year CAGR growth
Revenue -8.5%
NetProfit %
OperatingProfit -20.6%
F&O data suggests Short Covering today
Mutual Funds have increased holdings from 10.92% to 12.21% in Sep 2021 qtr.
FII/FPI have decreased holdings from 25.3% to 25.1% in Sep 2021 qtr
View Negated if it doesnot form tripple top
-----------------------
Like If you agree
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BHARATFORGNSE:BHARATFORG
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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 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-LongBharatForge CMP - 789 *Positional Trade Setup* Looking bullish in higher time frame. One can go Long with mentioned key levels in chart.
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Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose