Bharat Forge Ltd – Flat in Formation, Bulls Still in Command

• The impulse from ₹919 - ₹1,362 looks complete, and price is now likely carving a 5-3-5 flat correction as Wave 2.
  
• Wave B has already stretched to the prior Wave 1 peak, keeping regular, expanded, and running flat options open.
  
• Wave C could retrace toward ₹1,192 – ₹1,140 — the 0.382-0.5 fib zone — before the broader uptrend resumes.
  
• Sustained volume and RSI momentum continue to support the larger bullish structure.
  
• A breakout above ₹1,395 invalidates the bearish setup.
  

Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.