I harden & anneal my punches & chisels at work all the time. All you need is used motor oil, a good HOT torch set-up and a magnet. A temple stick or some means of measuring temp. is also a good thing to have, but not necessarily needed.
Just heat the steel until it no longer sticks to a magnet, Give it a few taps with a hammer, heat again till no longer magnetic then quench in oil.
Brush off all the ash & slag, heat to a VERY dull red & keep it there for a minute or 2 then let it air cool to room temp. Works like a charm!
Different colors during the second heating will result in different hardnesses after cooling. A Silver gray is the first stage, usually the hardest and most brittle, followed by straw color, then blue, then red.
When I used to make knives, I tried my hand at heat treating & forging with a coal & charcoal pit. Sometimes it worked, sometimes it didn't! Depends on the steel. Gotta have good stuff!