BHARATFORG - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | BHARATFORG | Market Cap | 86,289 Cr. | Current Price | 1,804 ₹ | High / Low | 1,936 ₹ |
| Stock P/E | 64.6 | Book Value | 231 ₹ | Dividend Yield | 0.47 % | ROCE | 14.6 % |
| ROE | 13.7 % | Face Value | 2.00 ₹ | DMA 50 | 1,675 ₹ | DMA 200 | 1,440 ₹ |
| Chg in FII Hold | -1.22 % | Chg in DII Hold | 1.97 % | PAT Qtr | 322 Cr. | PAT Prev Qtr | 316 Cr. |
| RSI | 55.2 | MACD | 29.2 | Volume | 22,08,384 | Avg Vol 1Wk | 14,31,841 |
| Low price | 919 ₹ | High price | 1,936 ₹ | PEG Ratio | 5.59 | Debt to equity | 0.33 |
| 52w Index | 87.0 % | Qtr Profit Var | -7.03 % | EPS | 26.8 ₹ | Industry PE | 25.0 |
📊 Chart & Trend Analysis: BHARATFORG is trading at ₹1,804, comfortably above its 50 DMA (₹1,675) and 200 DMA (₹1,440), confirming a strong bullish trend. RSI at 55.2 indicates moderate strength, while MACD at 29.2 shows positive momentum. Bollinger Bands suggest price is near the upper band, reflecting strong buying interest.
📈 Momentum Signals: Volume (22.08L) is significantly higher than 1-week average (14.31L), showing strong participation. RSI and MACD together confirm bullish momentum, though slightly overextended near resistance.
💹 Entry Zone: Accumulation zone lies around ₹1,720–₹1,750 (near 50 DMA support).
💰 Exit Zone: Resistance levels are ₹1,900–₹1,936 (recent highs). A breakout above ₹1,936 would open fresh upside potential.
🔎 Trend Status: The stock is trending upward with strong momentum. Sustained volumes above ₹1,900 will confirm continuation of the bullish trend.
Positive
- Strong ROCE (14.6%) and ROE (13.7%) indicate efficient capital use.
- EPS at ₹26.8 provides earnings strength.
- 52-week index gain of 87% highlights strong sectoral and stock-specific performance.
- DII holding increased (+1.97%), showing strong domestic institutional support.
Limitation
- High P/E (64.6) compared to industry average (25.0), making valuation expensive.
- PEG ratio of 5.59 suggests limited growth relative to valuation.
- Debt-to-equity ratio of 0.33 indicates moderate leverage compared to peers.
Company Negative News
- FII holding decreased (-1.22%), showing reduced foreign investor confidence.
- Quarterly profit declined slightly (₹322 Cr vs ₹316 Cr), reflecting margin pressure.
Company Positive News
- DII holding increased significantly (+1.97%), reflecting strong domestic confidence.
- EPS remains robust at ₹26.8 despite profit variation.
Industry
- Auto ancillary and defense manufacturing sector enjoys strong demand visibility.
- Industry P/E at 25.0 indicates BHARATFORG trades at a premium valuation.
Conclusion
⚖️ BHARATFORG is technically strong, trading well above key moving averages with bullish momentum. Fundamentals remain solid, though valuations are stretched. Entry near ₹1,720–₹1,750 offers favorable risk-reward, while breakout above ₹1,936 could trigger fresh upside. Long-term investors may hold, while traders should watch for volume-backed breakout confirmation.
Would you like me to extend this into a peer benchmarking overlay with auto ancillary leaders (Motherson, Bosch, Sundram Fasteners) so you can compare sector rotation strength alongside BHARATFORG?