Bharatforg - Bearish Wolfe WaveBharatforg has bearish wolfe on 15 mins TF and resistance at 475.30, there are few hurdles in between but as wolfe wolfe pattern will resolve it ;)
Target on chart
BHARATFORG trade ideas
BharatForg is starting its bigger bull runI my opinion Bharat Forg had started its (i) of 3 and on the basis of equality possible target area will be around 742.
My opinions are purely for educational purposes. I am not a SEBI Authorized financial advisor. For any Financial advice please contact your financial advisor.
Bharat Forge - Bullish Popgun Pattern near strong S&D AreaVolume Price Analysis
Below are the findings on the basis of Volume Price Analysis on NSE:BHARATFORG
Stock is clearly on pullback structure formation till it breaks the low of WRC "A" with at-least average volume.
Once the low of WRC "A" is broken down, stock will also out form the ascending parallel channel . And it may be either for excess trade or real-broke-down.
Volumes are the important pillars to give a clear hint of price activity. So, we will keep close monitoring on it in coming time.
For Smaller Opportunities (Day Trading Setup)
Considering the Bullish Popgun Pattern on Daily Time fame chart, we may plan for a setup: -
Entry - 462.5 above if price get sustained
Resistance(S&D area) is around 472
Next Strongest Resistance(S&D area) is around 487-490.
Note:
Whenever you study, do it with all angles, open-minded and unbiased; And considering this thought, we should also have view of: -
Sometimes near or at Strong S&D area direction movement get halted, paused and even throw-back. Considering this, one need to be very cautions on it as it may or mayn't be that throw-back!
All this information is just for knowledge purposes and not for trade.
Bharat Forg - Intraday Trade SetupBharatforg CMP - 461.15
Looking bullish. One can go for Intraday trade Setup with the following entry, exit & targets
Buy Only above 462.50 - 463.50 / Stop Loss 455
Target 1 - 467
Target 2 - 470
Target 3 – 475 / 478
Note: This is my view and for educational purpose only
BHARATFORG Daily Bearish BAT Strong POTENTIAL REVERSAL ZONE
Ultra high volume up bars - trap of Smart Money . Professionals are selling into the public buying – Higher volume
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
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
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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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