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(BharatForge) Bharat Forge complete technical analysis [charts+indicators] | Buy/Sell Bharat Forge | (BharatForge) share price targets

Complete technical analysis of Bharat Forge (BharatForge) by charts plus indicators, forecast predictions and share price targets for Bharat Forge (BharatForge)

10 day averaged volume of Bharat Forge is 47034

Date Daily Closing Price Open High Low Volume
03 Fri May 2024 1252.35 1275.00 1279.80 1242.65 0.486 times
02 Thu May 2024 1274.65 1271.15 1284.80 1263.65 0.248 times
30 Tue Apr 2024 1271.15 1289.65 1301.00 1267.50 0.48 times
29 Mon Apr 2024 1282.85 1311.10 1316.80 1273.75 0.815 times
26 Fri Apr 2024 1310.40 1319.35 1326.35 1306.25 1.229 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1263.3 as stoploss in an intra day sell trade for a target of 1209.51. However, stock will show a bullish move above 1263.3.

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 1063.40
Downside Target 1087.85
Downside Target 1136.00
Downside Target 1242.65
Upside Target 1284.80
Upside Target 1298.50
Upside Target 1316.80
Upside Target 1326.35
Upside Target 1330.00

Intraday share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Intraday Target 1224.4
Downside Intraday Target 1196.45
Upside Intraday Target 1298.55
Upside Intraday Target 1344.75
Upside Intraday Target 1270.6

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
03 Fri May 2024 1252.35 1311.10 1316.80 1242.65 0.271 times
26 Fri Apr 2024 1310.40 1202.40 1326.35 1195.00 1.964 times
19 Fri Apr 2024 1193.10 1150.05 1196.15 1150.05 0.692 times
12 Fri Apr 2024 1177.55 1151.65 1186.05 1136.00 1.319 times
05 Fri Apr 2024 1145.20 1133.35 1172.25 1105.00 1.122 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Bharat Forge (BharatForge)

Date Monthly Closing Price Open High Low Volume
03 Fri May 2024 1252.35 1271.15 1284.80 1242.65 0.033 times
30 Tue Apr 2024 1271.15 1133.35 1326.35 1105.00 1.278 times
28 Thu Mar 2024 1129.45 1146.05 1210.30 1087.85 0.646 times
29 Thu Feb 2024 1151.15 1236.00 1330.00 1063.40 1.766 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Bharat Forge (BharatForge)

Indicator Name Indicator Value Indicator Signal
ADX 29, 23, 12 Buy
MACD 54, 46Buy
Stochastics 64None
CCI 10Sell
RSI 56Buy
OBV 150087Sell
VWAP 1288Sell
ADL 0Sell
ROC 6Buy
Force Index 0Sell

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bharat Forge ( (BharatForge) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Bharat Forge stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Bharat Forge in short term and the buy signal is strong.

Bharat Forge Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Bharat Forge in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Bharat Forge is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1288.24 and Bharat Forge (BharatForge) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Bharat Forge (BharatForge) stock. Volume based technical analysis of Bharat Forge (BharatForge) stock is negative.

Bharat Forge Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Click here for further forecast and predictions for tomorrow

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