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Technicals for Bharat Forge Limited
By MusingTheNews
2025-06-13 20:25
Overall Technical outlook
Price Summary
Bharat Forge Limited had a lousy day at the stock market, and its shares tumbled -2.23%. On 2025-06-12, Bharat Forge Limited's stock opened at 1334.8, spiked to 1342.6, declined to 1298.6, and closed -2.23% down at 1305.0, with 1186177 shares traded. The stock's highest price in the past 52 weeks is 1791.4, while its lowest price during the same period is 951.6. The projected price range for Bharat Forge Limited is between 880.0 and 1800.0, with an expected mean price of 1179.8148, according to 27 analysts.
Technicals
Support and Resistance: At 1305.0, the price is held up by support at 1299.2 and faces resistance at 1344.6 for BHARATFORG. This suggests a trading range where 1299.2 provides a base and 1344.6 limits upward movement. Support/Resistance for BHARATFORG
Aroon: The AROON is in a neutral stance for BHARATFORG, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Aroon chart for Bharat Forge Limited
Bol. Bands: The BOLL BANDS is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Bolinger Bands chart for Bharat Forge Limited
Parabolic SAR: The PSAR continues to be bullish for BHARATFORG, setting a strong support level that could sustain the ongoing upward trend. This level of support indicates that the market is likely to continue its positive trajectory, offering a base for continued bullish movement. Parabolic Stop and Reverse chart for Bharat Forge Limited
Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Stochastic chart for Bharat Forge Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages for BHARATFORG are aligned in a bearish pattern, suggesting a downtrend. However, the wavering slopes of the 20 and 50 SMAs indicate that the bearish momentum may be losing strength. This could be a sign that a bullish reversal is on the horizon, as the market's current downward trajectory begins to falter, potentially paving the way for a new uptrend. Tripple SMA chart for Bharat Forge Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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