Bharatforge
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.
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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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.
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.
BHARATFORG - directionAS we can see BharatForg closed with Strong bullish candle and currently at trend line.
If cross 311 - we can see short term uptrend .... watchout market direction & trade accordingly.
Above 311, we can expect targets 320 + / 330+ / 340 +
bharat forg weak belowNSE:BHARATFORG
Bharat forg looks weak below 250 I have marked the zone if this breaks the zone then we can see the below marked targets
only for educational purpose
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BHARAT FORGE - Intraday Trade Setup : 09 September 2019 Please consider watching the Intraday Levels in BHARAT FORGE for 09 September 2019
