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By EquityPandit

BHARATFORGMARKET OUTLOOKSTOCK OUTLOOK

Bharat Forge Outlook for the Week (February 05, 2024 – February 09, 2024)

Bharat Forge
Bharat Forge
Bharat Forge closed the previous week on a negative note losing 4.43%.

Technically, Bharat Forge share price will see immediate support at 1,207.52 and immediate resistance would be seen at 1,263.12.

If Bharat Forge share price closes below immediate support of 1,207.52, then sharp breakdown can be seen. Bharat Forge share price will see major support at 1,176.18 for the week.

1300.001300.001280.001280.001260.001260.001240.001240.001220.001220.001200.001200.001180.001180.001160.001160.001140.001140.00Dec 21Dec 21Dec 27Dec 27Jan 1Jan 1Jan 4Jan 4Jan 9Jan 9Jan 12Jan 12Jan 17Jan 17Jan 20Jan 20Jan 25Jan 25Jan 31Jan 31Reversal Level 1206.79BuyBuySell

On the positive side, immediate resistance will be seen at 1,263.12. Closing above 1,263.12, Bharat Forge share price will see a sharp breakout. Major resistance for Bharat Forge share price will be seen at 1,287.38 for the week.

Trading range for Bharat Forge share price for this week should be between 1,151.92 on down side and 1,318.72 on up side.

Bharat Forge Previous Week High: 1256.05

Bharat Forge Previous Week Low: 1200.45

Bharat Forge Previous Week Range: 55.6 Points

Bharat Forge share price support and resistance for the week (February 05, 2024 – February 09, 2024)

Level Type Value
Resistance 3 1,318.72
Resistance 2 1,287.38
Resistance 1 1,263.12
Support 1 1,207.52
Support 2 1,176.18
Support 3 1,151.92
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