Bharat forgeKeep Eyes on connector. Put alerts for short side. But tracking a stock after connector is not bad. Bus long side pe alert bit big lga k rkho.
BHARATFORG trade ideas
Doomsday in Bharat ForgeHead and Shoulder Pattern in Monthly Chart Formation Took 4 Years. Major downtrend possible in next 2 Years in the Bharat Forge. Also, lower high can be seen in the ratio of Bharat Forge to Nifty Levels.
FLAG AND POLE PATTERN I can see flag and pole pattern in this ,once breakout happens we can see below mentioned targets
Targets 520/530/545+
CMP 499.40
SL 487
Harami followed by dojiHarami p-attern noticed followed by doji, indicating uncertainty in bulls.
It might touch 430ish.
Setup -
Short @495-490
Stoploss @512
Target @437
For educational purpose only, trade at your own risk.
BHARATFORGE 2 CONDITIONS Condition 1 : Price might break the upper trendline and face resistance from the active zone.
Incase there is good volume it will be able to break it to go for 511 zone.
If it's not able to break the zone then sell on top. USE TE REVERSAL CATCHER FOR REVERSAL SIGNALS OR OTHER CANDLE STICK PATTERNS
Condition 2: Sell below 490, Incase there is good volume it will be able to break it to go for 475. If it's not able to break the zone then buy at bottom. USE TE REVERSAL CATCHER FOR REVERSAL SIGNALS OR OTHER CANDLE STICK PATTERNS
FOR LONG TERM, WAIT FOR THE STOCK TO TAKE SUPPORT FROM 100 EMA SHOWN AS DARK GRAY.
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Analysis are my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING
Bharat forgeHello!! Bharat forge is again a very good stock and in a good uptrend since the crash in the march. a strong support is between 418-422 if it gives above 433 then even higher levels can be seen..... or it can also retrace back.
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it will directly benefit to Indian company who manufacture weapons, lets see what will going to happen
SO BE READY TO SAW NEW CHANGES IN MARKET.
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M TOp Formation Formed in Bharat ForgeSell below 377 , with confirmation target can be around 362-360
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
