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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 1808793

Date Daily Closing Price Open High Low Volume
14 Fri Jun 2024 1717.30 1639.00 1739.45 1627.00 1.688 times
13 Thu Jun 2024 1636.95 1640.00 1655.00 1623.65 0.632 times
12 Wed Jun 2024 1631.60 1605.45 1644.95 1605.05 0.551 times
11 Tue Jun 2024 1602.60 1590.00 1619.45 1584.00 0.436 times
10 Mon Jun 2024 1580.80 1593.90 1604.90 1557.35 1.264 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1697.5, for a target of 1623 or 1560.87

Share price targets for Bharat Forge (BHARATFORG)

Target Type Value
Downside Target 1063.00
Downside Target 1088.00
Downside Target 1209.15
Downside Target 1326.00
Downside Target 1368.90
Downside Target 1406.25
Downside Target 1460.00
Downside Target 1492.30
Downside Target 1533.10
Downside Target 1600.00
Downside Target 1649.95
Upside Target 1739.45

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type Value
Downside Intraday Target 1603.28
Downside Intraday Target 1489.27
Upside Intraday Target 1785.38
Upside Intraday Target 1853.47
Downside Intraday Target 1671.37

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date Weekly Closing Price Open High Low Volume
14 Fri Jun 2024 1717.30 1593.90 1739.45 1557.35 0.842 times
07 Fri Jun 2024 1583.20 1649.95 1649.95 1406.25 1.235 times
31 Fri May 2024 1554.55 1589.90 1600.00 1533.10 1.429 times
24 Fri May 2024 1573.50 1487.00 1587.00 1460.00 1.113 times
17 Fri May 2024 1479.25 1390.45 1492.30 1368.90 0.195 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
14 Fri Jun 2024 1717.30 1649.95 1739.45 1406.25 0.399 times
31 Fri May 2024 1554.55 1271.50 1600.00 1209.15 1.557 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

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 39, 14, 47 Buy
MACD 141, 131Buy
Stochastics 93Buy
CCI 143Buy
RSI 57Buy
OBV 8678762Sell
VWAP 1576Buy
ADL 0Sell
ROC 10Buy
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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 1575.71 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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