#BHARATFORG Trade Setup (Long Bias)

Attached Daily & Weekly Price Chart

-Long above 480 for a target of 530 based on Daily
- Since price is still in Kumo on Daily, expecting some consolidation. Bollinger Bands are also getting tighter & Price is resting right between 20,50 DEMA

- Placed at a confluence of Channel, Falling Trendline & Horizontal Support
- Daily RSI hit overbought as there was a prior strong uptrend off the April Lows
- there has been a Low Volume Sell off post the Big Green High Volume candle on 13th August

Definitely keep a watch !

- Weekly chart shows Signs of Trend Change as Price above Kumo and all Ichimoku components bullish except Chikou Span which is still in Kumo
- Hencea Long Bias , aligning multiple time frames
- 20 50 Weekly EMA gave a buy crossover for the 1st time in Sept 2020 after 2 yrs!

@ProdigalTrader Aneesh Sir if you could provide any feedback on this Multi Time Frame analysis of #BharatForge would appreciate it.

Have posted it in this thread, with 2 charts and a write up