Bharat Forge - 50% Fib Level, Bullish Divergence

Currently the Bharat Forge stock presents a good opportunity for investing or trading purpose, price is sitting at 50% Fib level with chart showing bullish divergence at this level. Although i want to wait for further correction and wait for the price to reach 61.8% but i hope it won't be late. Please have a look and post me your thoughts on it. You can read the full details along with the chart at : https://trade-and-invest.com/content/bharat-forge-50-fib-level-bullish-divergence

thanks
Andy

 

@ Andy Sarkar ji , very good post sir ....
MY ANALYSIS IS ....

 

Mr Rama Murthy - you didn't post your analysis - do post if you have some input on it.

 

sir please click image it will enlarge , on that chart read my comments written stock levels in a simple way ...

 

Bharat Forge is a top performing stock of automobile sector. I performed a study in which calculated past 10 years performance of companies which are listed in auto-index. Bharat forge is among top five companies which provide good returns according to the conclusion of the study i conducted.

 

Bharat Forg yesterday close at Rs.749.75
in weekly chart indicator shows Bullish Divergence .... in my view if it cross above Rs. 800 , it may move further
Rs. 910 -950 levels ....supply zone is at Rs. 950 levels and next at 1250 - 1350 levels , exit if any person take at Rs. 800 stop loss at Rs. 675
weekly chart entry may move price targets some weeks also take , so please do according to your risk apatite and own study
this is only learning purpose , i am not a registered SEBI Analyst

 

as i had indicated the price took base of the fib level at 718 and shot up 12% on Friday.