BHARATFORG - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of BHARATFORG (Bharat Forge Ltd)

📊 Trend Overview

Current Trend: Bullish

Status: The stock is trending upward, supported by price action above key moving averages and strong momentum indicators.

📈 Moving Averages

DMA 50: ₹1,195

DMA 200: ₹1,226

Current Price: ₹1,270

✅ Price is above both 50-DMA and 200-DMA, confirming a bullish trend. These levels now act as support zones.

📉 Momentum Indicators

RSI (14-day): 68.5 — Bullish zone, nearing overbought territory. May signal short-term pause or consolidation.

MACD: +22.8 — Bullish crossover, indicating continued upward momentum.

Volume: 6.4 lakh vs 1-week avg of 11.8 lakh — Below average, suggesting mild caution on participation.

📊 Bollinger Bands

Price is near the upper band, indicating bullish momentum but also potential short-term volatility or pullback.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,226 200-DMA, strong technical support

Support 2 1,195 50-DMA, secondary support

Resistance 1 1,300 Minor resistance zone

Resistance 2 1,375 Previous swing high

Resistance 3 1,450–1,500 Medium-term target if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹1,230–₹1,250 range on pullback with volume confirmation.

Exit Zone: ₹1,375–₹1,450 for short-term traders; ₹1,500+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI strong, and price above key averages suggest continued momentum.

RSI nearing 70 may lead to short-term consolidation before resuming trend.

Slight dip in quarterly profit and declining FII holding warrant caution, but technicals remain supportive.

🧭 Summary

Trend: Bullish with breakout potential

Momentum: Strong; MACD and price action support upside

Technical Rating: 4.1 — Positive setup with short-term caution due to RSI and volume

Would you like a comparison with peers like Sundram Fasteners or Ramkrishna Forgings to assess sector rotation?

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