BHARATFORG - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | BHARATFORG | Market Cap | 89,957 Cr. | Current Price | 1,882 ₹ | High / Low | 1,950 ₹ |
| Stock P/E | 67.3 | Book Value | 231 ₹ | Dividend Yield | 0.45 % | ROCE | 14.6 % |
| ROE | 13.7 % | Face Value | 2.00 ₹ | DMA 50 | 1,765 ₹ | DMA 200 | 1,523 ₹ |
| Chg in FII Hold | 1.75 % | Chg in DII Hold | -1.46 % | PAT Qtr | 322 Cr. | PAT Prev Qtr | 316 Cr. |
| RSI | 58.7 | MACD | 42.8 | Volume | 21,05,457 | Avg Vol 1Wk | 13,54,718 |
| Low price | 1,080 ₹ | High price | 1,950 ₹ | PEG Ratio | 5.83 | Debt to equity | 0.33 |
| 52w Index | 92.2 % | Qtr Profit Var | -7.03 % | EPS | 26.8 ₹ | Industry PE | 27.3 |
📈 Chart & Trend Analysis:
- Current price ₹1,882 is above both 50 DMA (₹1,765) and 200 DMA (₹1,523), confirming strong bullish momentum.
- RSI at 58.7 indicates healthy momentum, not yet overbought.
- MACD at 42.8 remains strongly positive, supporting continuation of uptrend.
- Bollinger Bands show price near upper range, suggesting strength but caution for volatility.
- Volume (21,05,457) is well above 1-week average (13,54,718), confirming strong participation.
🎯 Entry Zone: ₹1,760–1,800 (support near 50 DMA)
🎯 Exit Zone: ₹1,930–1,950 (resistance near recent highs)
📊 Status: Trending upward with strong momentum; potential breakout continuation if sustained above ₹1,950.
---
Positive
✔ Price trading above both 50 DMA and 200 DMA, confirming bullish trend
✔ Strong FII inflows (+1.75%) show foreign investor confidence
✔ EPS of ₹26.8 supports earnings visibility
✔ Volume surge indicates strong market interest
Limitation
⚠ High P/E (67.3 vs industry 27.3) suggests overvaluation
⚠ PEG ratio (5.83) indicates expensive growth prospects
⚠ ROCE (14.6%) and ROE (13.7%) are moderate compared to valuation premium
⚠ Quarterly profit variation (-7.03%) shows earnings pressure
Company Negative News
📉 Decline in DII holdings (-1.46%) indicates reduced domestic institutional support
📉 PAT growth remains flat (₹322 Cr vs ₹316 Cr), limiting earnings momentum
Company Positive News
📈 Strong FII inflows (+1.75%) highlight foreign investor confidence
📈 Price near 52-week high (92.2% index), reflecting strong market positioning
Industry
🏭 Auto & engineering sector trades at lower average PE (27.3), making BHARATFORG relatively expensive compared to peers
Conclusion
BHARATFORG is in a strong uptrend supported by price above key moving averages, positive MACD, and strong volume. Accumulation near ₹1,760–1,800 is favorable, with profit booking around ₹1,930–1,950. Long-term investors should be cautious given stretched valuations and moderate profitability, despite strong foreign investor support and bullish technical momentum.
This provides a clear technical snapshot with entry/exit zones and overlays. Would you like me to extend this into a multi-timeframe view (intraday, swing, and long-term overlays) so you can integrate it seamlessly into your modular workflow templates?