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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 1096200

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 1323.35 1296.00 1355.35 1296.00 1.388 times
18 Mon Nov 2024 1304.55 1329.00 1336.35 1286.60 1.413 times
14 Thu Nov 2024 1328.75 1321.50 1356.90 1301.55 1.698 times
13 Wed Nov 2024 1321.50 1360.00 1363.35 1312.70 0.533 times
12 Tue Nov 2024 1360.60 1397.50 1397.55 1340.00 0.68 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1349.3, but if it comes above 1349.3, then a intra day buy could be more profitable.
If you take a sell trade below 1349.3, then use 1349.3 as stoploss and 1293.7 as target. However if you take a buy trade in stock , then use 1349.3 as stoploss and 1395.57 as target.

Share price targets for Bharat Forge (BHARATFORG)

Target Type Value
Downside Target 1286.60
Upside Target 1340.80
Upside Target 1482.90
Upside Target 1500.00
Upside Target 1502.60
Upside Target 1510.40
Upside Target 1555.00
Upside Target 1629.90
Upside Target 1753.00
Upside Target 1771.20

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type Value
Downside Intraday Target 1288.18
Downside Intraday Target 1253.02
Upside Intraday Target 1356.93
Upside Intraday Target 1390.52
Downside Intraday Target 1321.77

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 1323.35 1329.00 1355.35 1286.60 0.791 times
14 Thu Nov 2024 1328.75 1414.10 1420.05 1301.55 0.822 times
08 Fri Nov 2024 1420.05 1422.20 1482.90 1395.50 2.32 times
01 Fri Nov 2024 1418.65 1383.35 1441.20 1376.35 0.58 times
30 Wed Oct 2024 1420.55 1392.00 1430.00 1340.80 0.91 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 (BHARATFORG)

Date Monthly Closing Price Open High Low Volume
19 Tue Nov 2024 1323.35 1428.00 1482.90 1286.60 0.545 times
31 Thu Oct 2024 1410.15 1519.00 1555.00 1340.80 0.891 times
30 Mon Sep 2024 1516.60 1597.00 1629.90 1502.60 0.897 times
30 Fri Aug 2024 1587.00 1740.00 1771.20 1510.40 1.018 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 (BHARATFORG)

Indicator Name Indicator Value Indicator Signal
ADX 12, 29, 40 Sell
MACD -76, -63Sell
Stochastics 14Sell
CCI -76Buy
RSI 44Sell
OBV -535037Sell
VWAP 1376Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Bharat Forge ( (BHARATFORG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bharat Forge ( (BHARATFORG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bharat Forge ( (BHARATFORG) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bharat Forge ( (BHARATFORG) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a SELL signal for Bharat Forge in short term and the sell signal is strong.

Bharat Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 1376.16 and Bharat Forge (BHARATFORG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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

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