BHARATFORG - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.8

Here’s a detailed technical assessment of BHARATFORG 🔧📉

📉 Trend Analysis

Current Price: ₹1,220 — trading below both 50 DMA (₹1,239) and 200 DMA (₹1,248) ➤ bearish short-term setup

Trend Status: Reversing downward, with signs of losing previous uptrend momentum

52-week performance (Index 35.4%) ➤ moderate longer-term gains, but recent price erosion suggests waning strength

📊 Indicator Insights

RSI (45.2)

Mid-range ➤ no strong momentum

Leaning bearish as it fails to hold above 50

MACD (-18.0)

Deep in negative territory ➤ strong bearish signal

Indicates continued downward momentum unless there's divergence shift

Volume

Currently below 1-week average ➤ lackluster conviction

Momentum weakening without institutional support

Bollinger Bands

Price likely hovering near lower band ➤ potential support, but no breakout signal yet

🚨 Short-Term Momentum Signals

MACD bearish crossover persists

RSI not indicating oversold, showing lack of strength

Price rejection from moving averages points to trendline resistance around ₹1,240–₹1,250

Institutional activity mixed (FII ↓, DII ↑), implying possible rebalancing without aggressive accumulation

💰 Optimal Entry & Exit Zones

Action Zone (₹) Rationale

Entry (Aggressive) ₹1,180 - ₹1,210 Near recent support, speculative reversal area

Entry (Confirmation) ₹1,245 - ₹1,255 On reclaiming 200 DMA, breakout watch

Exit (Partial) ₹1,295 - ₹1,310 Resistance near top of channel

Exit (Full) ₹1,360+ Major resistance zone, use trailing stop

🔍 Additional Insights

PEG Ratio (-1,579) ➤ suggests valuation disconnect or potential data anomaly

P/E (63.2) vs. Industry PE (31.2) ➤ rich valuation, downside risk

Quarterly Profit Growth (22.5%) is supportive, but not enough to reverse technical weakness

Debt-to-equity (0.72) ➤ moderate leverage, needs monitoring

🧭 Summary

Trend: Reversing/weakening

Momentum: Bearish to neutral

Pattern: Trading in a downward channel, consolidation attempt near base

Technical Rating: 2.8

Want me to map out these zones visually or pull peer comparisons with auto component leaders like MOTHERSUMI or BOSCH? Just say the word.

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