Double Whammy on BHARATFORG - To trade below 1500 in April?Bharat Forge LtdNSE:BHARATFORGMurthy_Santhosh TF: 75 Minutes CMP:1700 This being the part of Defense Sector and also the Auto Sector, has it's own merits and demerits. Either of the sector moving positively keeps the stock on uptrend all these weeks. But now, Both the sectors are facing significant selling pressure, and I believe this time the stock wont be spared. Expecting this stock to fill the gap at 1450-1500 levels in April Price has broken and traded below the 50 DEMA briefly and bounced a bit in the last two sessions The selling gets aggressive once it closes below 1660 and possibly breaking the swing low at 1635 The weekly chart has a strong red bar and hence, long bias is only when we close above 1950 in weekly TF In wave counts, either we have completed the 5 wave impulse from 2020 lows or we are beginning the C of 4th wave correction.. In either case, price should head lower Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.