Bharatforge has a target of 876stock is in 5th wave....likely target is 876..which is 161.8% of wave 1 measured from wave 4...
BHARATFORG trade ideas
Bharat Forge Ltd.Bharat Forge Ltd.
Bharat Forge Ltd. is forming a good pattern, there is a good accumulation happening at current levels.
Bharat Forge Ltd. is Inverse Head and Shoulders chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Producer Manufacturing
Industry: Metal Fabrication
Positional View on BHARATFORGMy positional view on #BHARATFORG NSE:BHARATFORG
on weekly chart BHARATFORGE has complete 60% correction, my view is to go long.
My entry point is 699, will wait for big target which would be 1st: 721 & 2nd would be 752
Will book loss if price goes below at 682
Note: This is my personal analysis, only for learning.
Bharat Forge_ DailyBharat Forge Limited is an Indian multinational company involved in forging, automotive, energy, construction and mining, railways, marine, aerospace and defense industries. The company was founded by Nilkanthrao A. Kalyani on 19 June .
Looks Good.
Only for educational purpose.
long bharatforg around 710/700we are long bharatforg around 710/700 maintain sl below 690 short term target 780 long term target - 860
risk - 20 points
rewards- 80 points short term
rewards - 160 points long term
always respect risk to rewards
BHARAT FORGE...Forge this tradeGood breakout ...stoploss is today low...good momentum...Risk reward is good
Bharat forge Swing OppurtunitySector in uptrend
Stock in uptrend & out performing
Pull back near to 21 moving Average & previous resistance
RSI taking support @ 50
small range candles last 3 days
Good R:R of just 17 Rs
can take Swing trade
Only risk is earnings
long bharatforgwe are long bharatforg abv 665 sl maintain below 655 target-680-700++ short term target
BHARATFORG !!!Happy Face!!!#BHARATFORG
- Trend Line Breakout
SHORT TERM TARGET - 800-850
- Inverted Head & Shoulder (Happy Face)
LONG TERM TARGET - 1400+
DO IT YOURSELF
NO TRADE RECOMMENDATION
Bharatforg-BuyThe stock looks good for long.
Buy Buy.
Its target I have shown in the picture. Thank You.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
bharat forge trial this stock is expected to touch the upper line , purely indicator based , exit the trade once the line get touched .
Bharat Forge BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Symmetrical Triangle If the movement breaks the upper trend line then most probably gonna create a bullish movement or it will create a bearish movement.
Apply your analysis as well as risk reward ratio and trade accordingly.
BhartForge BullishBharatForge Daily DownTrend Line BreakOut.Wait for retracement
Educational Levels marked for Trading .Stock Good for Positional Investment
All levels and Idea are education and Learning Purpose Only.
BHARATFORG ANALYSISSymmetric Triangle Pattern
CMP: 730.65
Resistance Zone: 750-762
Upside Targets: 778-780, 797-802, 817-823
Support Zone: 705-715
Downside Targets: 693-697, 675-678, 655-662
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
-----------------------
Like If you agree
-----------------------
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
-----------------------
Bharat Force trendline break and closure above - longBharat Force trendline break and closure above - long!
Bharat ForgeBharatForge broke neckline of Double Bottom Pattern.
Can b bought with sloss (50% retracement ) 704 & tgts of 800
Plan for shorting the correctionReversed from pink resistance level, Correction possible until lower pink level
BHARATFORGNSE:BHARATFORG
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Bharat Forge ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
