Bharat Forge – Weekly Chart Analysis

What I Like ✅ 1. Multi-month base breakout The stock spent almost a year consolidating between ₹1,000–₹1,800. It has now decisively broken above the major resistance around ₹1,800. That old resistance should now act as support. This is exactly how long-term institutional breakouts usually begin. ✅ 2. Strong Moving Average Structure All major EMAs are aligned perfectly. 26 EMA > 52 EMA > 225 EMA Price is above all averages. EMAs are sloping upward. That's the definition of a healthy primary uptrend. ✅ 3. Higher Highs & Higher Lows After breaking ₹1,800: Higher high Small pullback Another higher high No signs of distribution yet. ✅ 4. Momentum Expansion The breakout candles are large with little selling pressure. Momentum buyers are clearly in control.