Is Bharat Forge technically bullish or bearish?

Oct 27 2025 08:09 AM IST
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As of October 24, 2025, the market trend is bullish with moderate strength, supported by bullish indicators like the MACD and OBV, although caution is advised due to mildly bearish monthly signals.
As of 24 October 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish with moderate strength. Key indicators driving this stance include a bullish MACD on the weekly chart, bullish signals from the Bollinger Bands on the weekly timeframe, and a bullish daily moving average. Additionally, the On-Balance Volume (OBV) is bullish on both weekly and monthly charts. However, the monthly MACD and KST remain mildly bearish, indicating some caution. Overall, the bullish trend is supported by recent price action, with today's high reaching 1311.15 against a current price of 1286.00.
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