2025-12-22 10:45:54 am | Source: Religare Broking Ltd
Stock of the day : Bharat Forge Ltd by Target Rs. 1530 - Religare Broking Ltd
Bharat Forge Ltd
Buy Bharat Forge Ltd CMP 1439.90 Range 1435-1440 SL 1390 Target 1530
* Bharat Forge is displaying a robust bullish price structure, characterized by a sequence of higher highs and higher lows, while sustaining above key moving averages.
* The stock has confirmed a breakout above a downward-sloping trendline, signaling a trend reversal supported by expanding volumes.
* The consolidation breakout has transitioned into a sustained uptrend, with shallow retracements indicating strong accumulation.
* In alignment with the prevailing trend, long positions may be considered.
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