Bharat Forge is currently in a clear downtrend on the daily chart. The stock has consistently closed below its 20, 50, 100, and 200 EMA levels, indicating strong bearish momentum. The RSI is near 34.68, approaching oversold territory but not yet showing signs of reversal. MACD remains in negative territory, reinforcing the bearish sentiment, and Parabolic SAR dots above the candles indicate continued selling pressure. The stock has broken key support levels and is now testing the next demand zone near ₹1125–₹1135. If this zone fails to hold, further downside towards ₹1100 or even ₹1075 is possible in the short term.
BUY : BHARATFORG-EQ( BHARATFORG ) [422]
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