Short term swing trade (B): Capital Goods stock | Indian stock trading recommendation on 5 May 2026

NOTE

Closing Price: ₹234.48 (as of May 04, 2026)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Bharat Wire Ropes Limited manufactures steel wire ropes and related products like slings, strands, and wires. Its products are used across industries such as construction, cranes, mining, oil exploration, railways, and defense. The company was founded in 1986 and is based in Mumbai, India.

Website: https://www.bharatwireropes.com/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Revenue declined due to lower volumes and weak demand in some segments, mainly cyclical.
Profitability improved strongly due to better product mix and efficiency.
Strategy focused on high-margin, value-added products over volume growth.
Demand inconsistency across industries limited overall performance.
Cautious outlook with margin strength, but growth depends on demand recovery.

Financial Highlights

KPI	Dec FY25	Sep FY25	QoQ Change	Dec FY24	YoY Change
Revenue (₹ Cr)	662	702	-5.70%	690	-4.10%
EBITDA (₹ Cr)	96	78	23.10%	72	33.30%
EBITDA Margin (%)	14.50%	11.10%	+340 bps	10.4%	+410 bps
Net Profit (₹ Cr)	46	32	43.80%	28	64.30%
EPS (₹)	4.6	3.2	43.80%	2.8	64.30%
Order Book (₹ Cr)	1,150	1,120	2.70%	1,080	6.50%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

The stock has broken above its long-term trendline resistance, is sustaining above it, and appears positioned for a potential upside move from current levels.

Smart positional traders in India look for steady uptrends that allow profits to build quietly over time.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	71.551	Overbought
CCI-14	88.3255	Neutral
ROC	38.67	Positive
Stochastic %K	60.877	Neutral
William %R	-20.977	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 DEMA	228.94	Above
10 DEMA	220.99	Above
20 DEMA	208.55	Above
50 DEMA	190.57	Above
100 DEMA	183.54	Above
200 DEMA	184.36	Above

Conclusion

Bharatwire Ropes Stock Price Forecast

Based on our swing stock trading calls, the Bharatwire Ropes stock price target will be INR 248 - INR 250 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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