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BHARAT FORGE – Ready for Upside MoveBHARAT FORGE – Ready for Upside Move CMP: 1433 Stoploss: 1295 Targets: 1622 / 1700 / 1804 (ATH) Technical View (Direct & Clear): Bharat Forge is trading right near the 61.8% retracement zone at 1445, a crucial breakout level. Stock already gave a small rounding bottom breakout at 1362 and has been sustaining strongly above it. Once it crosses and holds above 1445, upside momentum can accelerate sharply. First leg of the move can take it to 1622. After achieving 1622, the trend structure supports a continuation toward: 1700, and then All-time high 1804. Setup remains bullish as long as 1295 holds. ⚠️ Clarification: This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
NSE:BHARATFORGLong
by satyam15
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
#BHARATFORG - VCP BO in DTFScript: BHARATFORG Key highlights: 💡⚡ 📈 W Bottom Patter in the WTF 📈 VCP BO in DTF 📈 Volume spike seen during Breakout 📈 MACD Bounce ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven. ✅Boost and follow to never miss a new idea! ✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
NSE:BHARATFORGLong
by MMT_MakeMoneyTrading
BHARAT FORGE LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BHARATFORG
by zenthosh
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