BHARATFORG trade ideas
Bharat Forge will continue to Rally with the Double BottomsBharat Forge has formed a bullish double bottom pattern, indicating a potential trend reversal. The recent breakout above the key level confirms the bullish sentiment. This breakout suggests that the price may experience a significant upward movement, potentially resulting in a gain of around 10-11%. It is important to monitor the price action and look for further bullish signals to confirm the continuation of the rally.
BHARATFORGE Make or Break????Hello to everyone
Bharatforge trading at support level OF 830---810. If price respects the support level than we can price moves towards upside and if price breaks the support level than we can see the price moves towards downside in coming days.
#BHARATFORGE📊
👉🏻 Stock at support
👉🏻Support 810 (Make or break) Level
👉🏻Keep an eye
👉🏻Bounce possible if respect 810
#BHARATFORG Bullish Momentum View!!!!!The Price perfectly respecting the change in polarity level. Weekly & Daily chart showing good momentum.Price breakout the resistance level and after breakout price persisting itself near CIP level & stucked itself in tight range and holds itself near higher levels.Expecting good breakout in coming days.Good opportunity to take long position after breakout of range. After breakout of level 920-- 925 we can see good price moment towards upside.
**PRINCIPLE OF CIP** :- Principle of Change in Polarity. According to this principle, whenever support is broken, its role is reversed and it begins to act as new resistance. Similarly, when any resistance is broken, it changes its role and tends to act as the new support level for the price.
BHARAT FORGE Ltd.: Consolidation Over...!Automobile & Auto Ancillary Sector Stock Bharat forge Ltd. on Daily TF wee can see the stock was consolidate from January with low volume & Volatility on Friday Stock has open the BB Squeez open on upside with volume & volatility. Stock has strong Momentum on Daily, Weekly & Monthly Basis...on next week we can see the upside move at 900 to 905 levels.
Entry : CMP
SL : 870
Upside Move : 905
BHARAT FORGE Here are the levels for BHARATFORG for swing trading for this week. the price has been in a sideways range bound and can get on either side entry.
confirm your entry with the volumes and take entry.
price is forming the rectangle pattern with the dry volumes. once the breakout happens can trade on either side with volume increase
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
Bharat Forge Learning TrendThis trend i have given for new traders so that they can identify movement of the stock .
now for this on 1D chart it was in downtrend but when you go for 15min chart for trading it was bullish .
so your pattern will allow you how we decide our trading or investment.
Currently Resistance = 797
if buy = 795 is there then target will be 800++
*** For any Learning Ping me