BHARAT FORGE

NSE

BHARATFORG

Buy above pdh sell below pdl

Seems like it is forming a bullish divergence / swing rejection and is near its support zone. A good risk reward ratio can be seen. A big upmove possible. Buy with 5 rs. Stoploss @482. Target 516 . Risk Reward (1: 5)

BHARATFORG has broken bearish flag. Entry can be taken anywhere between 507-515 with SL above 522 or 526 and expecting Target of 430-470.

stock if hold 550 then some jump in stock but if trade below this level then we can see 540-530 level in screen.

Gradually getting bullish after prolonged bearish move. Support at 565, target 627

#BHARATFORG CASH 21 SEPT 2018 GOOD SELL ONLY BELOW 625 STOPLOSS 638 TGT 606-610/585 CMP 638

Bharat Forge has formed inverted Head&Shoulders Pattern on Daily Charts. Go long if it closes above the necline for about 14% returns.

After a 3 wave ABC decline and nice impulse pattern is complete at (i) and small corrective decline in (ii) is noted, Buy the stock with SL of 605 and target of 699 and 757.

Trend is down. A technical correction may come by due to Positive Divergence. Bulls are trying to defend 603. So if this level is protected, a technical correction may take the price towards 635-41. Bears are not allowing price going beyond 652. But my feeling is that all rises will be sold since Death Cross (50 crossing 200 DMA) has happened.

I posted this chart yesterday. See the result. More to come since 50 DMA crosses 200 DMA.

50 DMA crossed 100 DMA downside. See the impact. Price went below 200 DMA. Now 100 DMA is about to 200 DMA on the downside. When this happens, price will see new low. These are simple and effective studies to track a trend.

Is it cup and handle in making?

On hourly basis, strong support at 760.45 and Bearish Harami followed by hammer formed at the support. Entry can be take at 765.32 with SL at 771.26

Negative Divergence, short call given, target has bee achieved. It is prudent to book profit.

BHARAT FORGE, Showing Bigger corrective structure, lets see if it could take one more down or will continue higher.Its Impulse pattern as per my opinion.

Long Target 1298 Stock in stron uptrend on Monthly & weekly Charts

First target 1100

KISSING THE EXPECTED HIGH AND TURNING AROUND.