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

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

10 day averaged volume of Bharat Forge is 3004794

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 1502.05 1490.05 1510.00 1467.05 0.39 times
20 Mon May 2024 1490.05 1487.00 1495.75 1477.05 0.028 times
17 Fri May 2024 1479.25 1489.00 1490.80 1471.50 0.174 times
16 Thu May 2024 1483.00 1468.10 1492.30 1457.20 0.419 times
15 Wed May 2024 1462.70 1439.05 1467.45 1431.00 0.296 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1455.3, but if it comes below 1455.3, then a intra day sell could be more profitable.
If you take a sell trade below 1455.3, then use 1455.3 as stoploss and 1355.39 as target. However if you take a buy trade in stock , then use 1455.3 as stoploss and 1575.2 as target.

Share price targets for Bharat Forge (BHARATFORG)

Target Type Value
Downside Target 1063.00
Downside Target 1088.00
Downside Target 1180.00
Downside Target 1242.20
Downside Target 1299.00
Downside Target 1330.00
Downside Target 1368.90
Downside Target 1467.05
Downside Target 1474.40
Downside Target 1492.30
Upside Target 1510.00

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type Value
Downside Intraday Target 1476.07
Downside Intraday Target 1450.08
Upside Intraday Target 1519.02
Upside Intraday Target 1535.98
Downside Intraday Target 1493.03

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 1502.05 1487.00 1510.00 1467.05 0.251 times
17 Fri May 2024 1479.25 1390.45 1492.30 1368.90 0.195 times
10 Fri May 2024 1397.70 1261.90 1474.40 1209.15 8.615 times
03 Fri May 2024 1252.20 1312.25 1316.90 1242.20 0.298 times
26 Fri Apr 2024 1309.90 1205.85 1326.00 1194.75 2.256 times

Price has moved up 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 (BHARATFORG)

Date Monthly Closing Price Open High Low Volume
21 Tue May 2024 1502.05 1271.50 1510.00 1209.15 1.136 times
30 Tue Apr 2024 1271.20 1132.20 1326.00 1105.30 1.27 times
28 Thu Mar 2024 1129.60 1150.05 1211.00 1088.00 0.65 times
29 Thu Feb 2024 1151.00 1242.00 1330.00 1063.00 2.105 times

Price has moved up 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 (BHARATFORG)

Indicator Name Indicator Value Indicator Signal
ADX 40, 9, 64 Buy
MACD 138, 120Buy
Stochastics 97Buy
CCI 93Buy
RSI 66Buy
OBV 28735051Sell
VWAP 1419Buy
ADL 0Sell
ROC 21Buy
Force Index 0Sell

Price action analysis of Bharat Forge ( (BHARATFORG) ) based on a short 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 ( (BHARATFORG) ) based on a short 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 ( (BHARATFORG) ) 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 ( (BHARATFORG) ) 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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bharat Forge Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Bharat Forge in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1418.68 and Bharat Forge (BHARATFORG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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