Daily Chart Analysis of

BHARATFORG

Technical Analysis —

Bharat Forge (BHARATFORG) — Detailed View Bharat Forge has shown a strong recovery from recent lows, forming higher lows and higher highs on the daily chart, which indicates bullish momentum building up. The stock has crossed above its short-term moving averages (20 & 50-day EMA) and is now testing a major resistance zone near the 200-day moving average around ₹1,240–1,260. Momentum indicators support this recovery, with RSI around 63 showing strength without being overbought, and MACD close to a bullish crossover, suggesting further upside potential. The Parabolic SAR is also below the price, confirming a buy signal. On the downside, immediate support lies near ₹1,200–1,180, while a breakout and sustained close above ₹1,260 can open the gates for a rally towards ₹1,300–1,350 levels in the short to medium term. Key support & resistance (practical levels) Immediate support / buy-on-dip zone: ₹1,200–1,180 (EMA cluster / recent pullback area). Strong support: ₹1,120–1,100 (last swing base; use for larger positional entries). Immediate resistance: ₹1,250–1,260 (where current MA cluster / short highs sit). Next upside targets (if sustained): ₹1,300 → ₹1,350–1,400 (higher swing highs).