Bharat Forge - Bullish Popgun Pattern near strong S&D Area

Volume 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.

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.
Comment: Trade Activated. Today's entry made @465
3 months extensive training & guidance
Join for pure Advance Price & Volume Analysis Course
with nominal tuition fee 5,000/- INR per month

Telegram: 💲💲💲


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out