Overall Technical outlook

Price Summary

A 4.22% climb in Bharat Forge Limited's stock marked an fantastic day on the market.
On 2026-02-02, BHARATFORG's stock started at 1385.3, reached a high of 1453.6, fell to 1384.4, and ended 4.22% up at 1443.7, with 638147 shares traded.
Over the past 52 weeks, the stock reached a maximum price of 1483.4 and a minimum price of 951.6.
According to 24 analysts, the future price is anticipated to vary between 930.0 and 1717.0, with an average expected price of around 1348.75.

Technicals

Support and Resistance: At 1443.7, the price is held up by support at 1435.4 and faces resistance at 1474.7 for BHARATFORG. This suggests a trading range where 1435.4 provides a base and 1474.7 limits upward movement.
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Support/Resistance for BHARATFORG


Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Aroon chart for Bharat Forge Limited


Bol. Bands: The latest price action shows a bullish move as the market crosses above the middle Bollinger Band, following a period where it was below the lower band. This upward shift suggests a recovery from an oversold condition, with the market gaining strength. The movement above the mid-point is a strong indicator of a potential reversal from the bearish trend, signaling a positive outlook.
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Bolinger Bands chart for Bharat Forge Limited


Parabolic SAR: The PSAR remains bullish, reinforcing a significant support level. This steady support suggests that the market's upward trend may continue, providing a solid foundation for potential gains for BHARATFORG. Investors might see this as an opportunity to capitalize on the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for Bharat Forge Limited


Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation.
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Stochastic chart for Bharat Forge Limited


Tripple Moving Agerage: The Tripple MOVING AVG 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.
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Tripple SMA chart for Bharat Forge Limited


A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.