BPCL,Bharat Forge and Engineer India Price Channel Analysis



Any close below 843 short term target 826/795.

Intraday Traders can use the below mentioned levels

Buy above 855 Tgt 861,872 and 890 SL 850

Sell below 843 Tgt 833,825 and 814 SL 850

Engineer India


Any close above 212 short term target 220/225.

Intraday Traders can use the below mentioned levels

Buy above 213 Tgt 215.5,218 and 220 SL 211

Sell below 207 Tgt 203,199 and 195 SL 209


Bharat Forge

bharat forge

Intraday Traders can use the below mentioned levels

Buy above 1233 Tgt 1243,1253 and 1261 SL 1225

Sell below 1220 Tgt 1210,1200 and 1189 SL 1225



How to trade Intraday and Positional Stocks Analysis  Click on this link


Performance sheet for Intraday and Positional is updated for May Month, Intraday Profit of 2.32 Lakh  and Positional Profit of 2.07Lakh




  • All prices relate to the NSE Spot/Cash Market
  • Calls are based on the previous trading day’s price activity.
  • Intraday call is valid for the next trading session only unless otherwise mentioned.
  • Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
  • Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.


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10 thoughts on “BPCL,Bharat Forge and Engineer India Price Channel Analysis”

  1. Thanx…. this point is now understood. another point which i wanted to check with you is the way you do the tracking and post the results in you blog. When for a particular trade the 1st target is achieved, do you track for SL @ cost or SL remains where it was.. so if a trade makes target 1, retraces to below cost and then goes to hit target 3…. do you track the trade for target 3 or target 1.

  2. yes ur right in understanding.

    Aggressive trade can enter on long side trigger.

    Conservative traders should avoid.

  3. Thanx bramesh for the reply… for the sake of clarity once and for all – in case of bharat forge, if the 1st short trade gets SLed and then again we have the trigger price for short in this case 1220, we again enter short…. if this had also got stopped out then no trade for the day in bharat forge , even if say for eg the long trade trigger price would ve got activated ? am i right now in mu understanding….. that is you can enter twice in the same direction if trigger price is available ?

  4. Hi ,

    Rule if SL gets triggered 2 times in a day no further trade to be taken.


  5. But Bharat forge, short entry hit the SL @ 1225; the subsequent re entry would ve made the low of 1207…. but if you check bramesh’s guidelines once ur stopped out , u shouldnt re enter. Bramesh – am i right here or i am missing something

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