bharat forge looks bullish in medium term

price is in uptrend channel in weekly time frame. and current trend is up,
So it can go to the channel resistance easily

sl - 1070 1st tgt - 1210 2nd tgt -1280

Trade ist aktiv:

till now 1162.45

Trade ist aktiv:

till now 1169.95

Trade ist aktiv:

price is still moving in an ascending channel, one may trail the sl to 1100.

Trade ist aktiv:

closed at 1180.20

Trade ist aktiv:

1st target already done, till now 1240, price is moving towards the channel resistance,

also in weekly, price closed above upper bb with good volume, and bb is expanding , sign of bullishness.

Trade geschlossen: Ziel wurde erreicht:

after bonus of 1:1, 2nd tgt got recalculated to 640, today's closing price at 644, so the 2nd tgt achieved also.

followup chart here.

it has potential to go 660+