Stock of the day : Bharat Forge Ltd by Target Rs. 1480

2025-11-13 10:45:56 am | Source: Religare Broking Ltd

Stock of the day : Bharat Forge Ltd by Target Rs. 1480 - Religare Broking Ltd

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Bharat Forge Ltd

Buy Bharat Forge Ltd CMP 1389.20 Range 1385-1390 SL 1340 Target 1480

* BHARATFORG has registered a robust bullish breakout above a prolonged consolidation phase, confirming a continuation of its uptrend with a consistent higher-top, higher-bottom structure.

* The stock’s decisive move above key moving averages, coupled with a positive crossover in short and medium term MA’s, underscores sustained buying momentum.

* Trading near multi-month highs with expanding volumes indicates strong institutional participation.

* Long positions are advisable near current levels to capitalize on the prevailing bullish momentum.

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Stock of the day : Bharat Forge Ltd by Target Rs. 1480 - Religare Broking Ltd

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