BHARAT FORGE SHORT-TERM SWING TRADE!
Hi everyone, Bharat forge short term swing trade consider buy above: 746, target: 842, stoploss: 731.
LOGIC BEHIND TRADE: Stock has recently bounced from it`s daily support & given breakout of it`s resistance buying on pull back stock also formed (W) pattern, if sustains above 746 stock can test it`s all time high (target identified from harmonic xabcd pattern level 1.131) stoploss is taken low of resistance candle, above 755 shift stoploss at cost.
BHARATFORG
LOGIC BEHIND TRADE: Stock has recently bounced from it`s daily support & given breakout of it`s resistance buying on pull back stock also formed (W) pattern, if sustains above 746 stock can test it`s all time high (target identified from harmonic xabcd pattern level 1.131) stoploss is taken low of resistance candle, above 755 shift stoploss at cost.
BHARATFORG
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