Buy Bharat Forge for Short Term Trading – 26 July, 2022

Buy Bharat Forge for Short Term Trading
Buy Bharat Forge for Short Term Trading

by Ruchit Jain Last Updated: Sep 07, 2023 - 05:09 pm 21.2k Views
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Looking for short term trading stocks? Find out the stock pick for today.

Short Term Trading Pick for the Day -

Short-term trading involves trading strategies in the stock markets in which the period between the buying and selling of the stock is within a range of a few days to a few weeks. 
Short-term trading can give you high returns but it can also be risky. A short-term trade can last from as little as a few minutes to as long as several days. To succeed in this strategy a trader must understand the risks and rewards of each trade.



Buying Range




Target 1


Target 2



▪️Post the recent corrective phase, the stock has formed a support base around its weekly ‘200-day EMA.

▪️Prices have given a breakout from a falling trendline resistance on the weekly charts.

▪️The volumes in the recent price upmove are good indicating buying interest in the counter.

Bharat Forge Short Term Recommendation


▪️The momentum oscillator is in buy mode and indicating a positive momentum.

▪️Hence, we advise traders to buy the stock in the range of Rs. 704-700 for targets of Rs. 736 and Rs 760 in next 2-3 weeks. The stop loss for positions should be placed below Rs.672.

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About the Author

Ruchit Jain is Lead Research Analyst at 5paisa. He has a vast experience of 14 years in this field and is proficient in Technical and Derivatives Research. He has completed his CMT (U.S.A.) and has done Masters in the field of Finance at Mumbai University.


Investment in securities market are subject to market risk, read all related documents carefully before investing.
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