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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 1837673

Date Daily Closing Price Open High Low Volume
21 Fri Jun 2024 1752.20 1804.50 1804.50 1746.50 0.503 times
20 Thu Jun 2024 1791.40 1704.00 1800.70 1697.00 2.001 times
19 Wed Jun 2024 1703.40 1720.00 1733.40 1688.00 1.79 times
18 Tue Jun 2024 1696.70 1720.00 1734.00 1691.50 0.783 times
14 Fri Jun 2024 1717.30 1639.00 1739.45 1627.00 1.661 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1692.9, but if it comes below 1692.9, then a intra day sell could be more profitable.
If you take a sell trade below 1692.9, then use 1692.9 as stoploss and 1609.87 as target. However if you take a buy trade in stock , then use 1692.9 as stoploss and 1792.5 as target.

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 1406.25
Downside Target 1460.00
Downside Target 1533.10
Downside Target 1600.00
Downside Target 1649.95
Downside Target 1688.00
Downside Target 1739.45
Upside Target 1804.50

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type Value
Downside Intraday Target 1691.97
Downside Intraday Target 1631.73
Upside Intraday Target 1808.47
Upside Intraday Target 1864.73
Downside Intraday Target 1748.23

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date Weekly Closing Price Open High Low Volume
21 Fri Jun 2024 1752.20 1720.00 1804.50 1688.00 1.129 times
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

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 Fri Jun 2024 1752.20 1649.95 1804.50 1406.25 0.605 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 36, 10, 58 Buy
MACD 166, 150Buy
Stochastics 89Buy
CCI 109Buy
RSI 59Buy
OBV 13316247Sell
VWAP 1693Buy
ADL 0Sell
ROC 13Buy
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 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 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 1692.55 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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