BHARATFORG Breaking Out | Targets 1,400+

23 ต.ค.

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

6 พ.ย.

การซื้อขายยังคงดำเนินอยู่

Target 1: ₹1,330-1,340 done

12 พ.ย.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Target 3: ₹1,400+ (Extended) done

19 พ.ย.

บันทึก

₹1,420+