BHARATFORG one of the Derivative stocks is making a very attractive price pattern (Inverted Head and Shoulder)
Check out the chart and your fingures will fill tickles to take a trade. But wait for it to break 530 level
BUY Above 530
STOP LOSS = 425
TARGET = 785
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...
Hello!! Bharat forge is again a very good stock and in a good uptrend since the crash in the march. a strong support is between 418-422 if it gives above 433 then even higher levels can be seen..... or it can also retrace back.
BHARATFORG on 2H chart become bearish.
Any high volume candle closing below 353 will confirm the short trade here.
In coming trading sessions if I see any 2H candle closing below 353 I will prefer to short it with Stop Loss of 385 for Target of 309/277
Bharatforg 03 July 2020
Buy BHARATFORG @ 348.50
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