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Bharatforge

BHARATFORG Breaking Out | Targets 1,400+BUY Setup 🔨 Entry: ₹1,300-1,305 (Current Level) Target 1: ₹1,330-1,340 Target 2: ₹1,365-1,375 Target 3: ₹1,400+ (Extended) Stop Loss: ₹1,275 Technical Rationale: Strong bullish momentum with +4.56% gain today Breaking above major descending trendline resistance (visible from June highs) Consolidation breakout from 1,265-1,285 range Good volume (3.45M) supporting the breakout RSI around 65, showing strength with room for further upside Price attempting to cross key resistance at 1,300 psychological level Falling wedge pattern breakout - typically bullish Auto sector strength supporting the move Support established at 1,280 zone Risk-Reward: Favorable 1:3 ratio Pattern: Descending wedge breakout - classic bullish reversal pattern Strategy: Positional trade - Book 40% at T1 (1,335), 30% at T2 (1,370), trail remaining with SL at 1,310 after T1 Key Levels: Strong Resistance: 1,310, 1,340, 1,365 Support: 1,280, 1,265
NSE:BHARATFORGLong
by rmhetre15
Volume turnaround seen in Nifty on daily chart but...So as we’ve been studying for the past 3 days – NSE:NIFTY ’s candle kept closing red but the volume was with buyers. Yesterday, that clearly reflected with the index jumping +225 points in a sharp, clean move. Cheers to those who trusted the commentary and took early entries! I did too. The idea now is simple – hold on to that position until we see sellers’ volume with a green candle. Now, let’s check the data for tomorrow: – Pivot has moved up to 24770 – PP is wide, which signals a sideways to trending day with bullish tone intact – Support for tomorrow is 24800 – Resistance for the day is 24930. Only if this level is breached and sustained for at least 1 hour can we expect a sharp move. Any dip from here remains a buy opportunity as long as the index stays above the pivot at 24770, because the current candle is backed by buyers’ volume. But keep this in mind – the net volume of the market is still in red. That means it’s not yet the time to open long-term portfolio positions. Wait for net volume to give a turnaround before building long-term stock holdings. Remember, we are still under the correction zone that began in September 2024. On the sector front, rotation is being seen in Defence and Media, while Finance and NBFC continue in high momentum for the short term. FnO stocks with buyers’ volume up are: NSE:BHARATFORG and NSE:BSE You can look for intraday opportunities here. But for options trading, be mindful of pivotal entries and IVP. Sometimes these stocks take more than a day to move, so don’t be disheartened if they don’t react immediately. Keep them on watch and plan your entry to manage risk. That’s all for the day. Take care and have a profitable tomorrow. I truly hope you learn and earn a lot with me! --- 📊 Levels at a glance: Pivot: 24770 Support: 24800 Resistance: 24930 (sustain 1 hour = sharp move) Pivot Percentile: Wide (sideways to trending) Bias: Bullish as long as index holds above pivot, buy dips backed by volume Sectors to watch: NSE:NIFTY_IND_DEFENCE , NSE:CNXMEDIA , NSE:CNXFINANCE , NBFC FnO Focus: #BHARATFORGE, #BSE
NSE:NIFTY
by Trendxinc
BHARAT FORGE: INVERSE H&SThe Inverse Head and Shoulders pattern is a bullish reversal chart pattern that signals a potential trend reversal from bearish to bullish. It consists of three key components: Structure of the Pattern: Left Shoulder: A price decline followed by a temporary rally. Head: A deeper decline forming the lowest point, followed by another rally. Right Shoulder: A decline similar in size to the left shoulder but not as deep as the head, followed by a move higher. Neckline: A resistance level that connects the highs of the two rallies after the left shoulder and head. The Inverse Head and Shoulders pattern in Bharat Forge, with a neckline at ₹1100, indicates a potential bullish reversal. The stock has formed a well-defined left shoulder, head, and right shoulder, suggesting that selling pressure is weakening. A breakout above ₹1100, supported by strong volume, could confirm the pattern and trigger an upward move. The target price for this breakout is ₹1200, calculated by measuring the distance from the head’s low to the neckline and projecting it upwards. If the stock sustains above the neckline, it could gain further momentum. However, traders should consider placing a stop-loss below the right shoulder to manage risk in case of a failed breakout.
NSE:BHARATFORGLong
by TradingSutra
NSE:BFINVEST - BF Investment Ltd what's cooking here..?NSE:BFINVEST BF Investment Ltd Overview Non-Deposit taking Core Investment Company. Engaged primarily in making investments in Kalyani Group companies. History Incorporated in 2009 by demerging the Investment Business of BF Utilities Ltd. Under business restructuring, Investment Business transferred to BF Investment Ltd. Kalyani Group BF Investment Ltd. (BFIL) is a part of the USD 2.5 billion Kalyani Group from Pune. Established in the mid-1960s. Indian multinational with advanced technology, engineering & manufacturing capabilities. Industries: Engineering Steel, Automotive, Industrial, Renewable Energy, Urban Infrastructure, Specialty Chemicals. Market leader in forging globally and largest forging exporter from India. Group Companies: Bharat Forge, KCTI, Kalyani Technoforge, Kalyani Global, Automotive Axles, and more. Nature of Operations Mainly focused on investments. Majority of investments are strategic in nature targeting Kalyani Group Companies. Investments are long-term and not for trade. Revenue Mix FY22 Dividend income: ~55% Interest income: ~34% Other (Net gain on fair value changes): ~12% Investments Investments worth ~ Rs. 1646 Cr as of March 2021. Significant ownership in Kalyani Steels Ltd., KSL Holdings Private Ltd., Triumphant Special Alloys Pvt. Ltd., Kalyani Financial Services Ltd., and others. Equity stake in listed and unlisted shares: Bharat Forge Ltd, BF Utilities Ltd., and others. Invested in preference shares and debentures of Group companies. Promoter Shareholding Promoters stake from 73.38%
NSE:BFINVESTLong
by Peaceful-Weekend-Investing
BHARATFORG - Bullish Consolidation with VolumesNSE: BHARATFORG is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:BHARATFORGLong
by BrahmaBull31
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.
NSE:BHARATFORGLong
by TraderChamp-Pro