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

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

Showing technical analysis as on 2024-09-20 View latest technical analysis

10 day averaged volume of Balu Forge is 955088

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	729.95	743.70	746.80	723.50	0.442 times
19 Thu Sep 2024	741.50	746.70	760.00	721.10	0.676 times
18 Wed Sep 2024	740.95	739.85	788.70	732.80	1.04 times
17 Tue Sep 2024	740.55	768.90	778.00	732.65	0.607 times
16 Mon Sep 2024	764.05	800.95	801.00	759.95	1.056 times
13 Fri Sep 2024	802.30	792.80	823.00	772.70	0.955 times
12 Thu Sep 2024	789.50	827.70	831.55	782.95	0.849 times
11 Wed Sep 2024	819.70	839.75	851.45	815.10	0.623 times
10 Tue Sep 2024	839.75	860.00	866.50	830.00	0.782 times
09 Mon Sep 2024	854.35	771.20	866.35	770.00	3.058 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 743.5, but if it comes above 743.5, then a intra day buy could be more profitable.
If you take a sell trade below 743.5, then use 743.5 as stoploss and 704.6 as target. However if you take a buy trade in stock , then use 743.5 as stoploss and 775.86 as target.

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	222.85
Downside Target	268.00
Downside Target	322.35
Downside Target	351.80
Downside Target	460.00
Downside Target	534.00
Downside Target	564.65
Downside Target	721.10
Upside Target	750.00
Upside Target	770.00
Upside Target	798.80
Upside Target	849.70
Upside Target	866.50

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	700.37
Downside Intraday Target	670.78
Upside Intraday Target	780.27
Upside Intraday Target	830.58
Upside Intraday Target	750.68

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	729.95	800.95	801.00	721.10	0.61 times
13 Fri Sep 2024	802.30	771.20	866.50	770.00	2.223 times
06 Fri Sep 2024	770.25	754.40	798.80	750.00	0.35 times
30 Fri Aug 2024	750.60	795.00	849.70	725.00	0.888 times
23 Fri Aug 2024	774.30	575.00	777.95	564.65	2.528 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 Balu Forge (BALUFORGE)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	729.95	754.40	866.50	721.10	0.395 times
30 Fri Aug 2024	750.60	510.00	849.70	460.00	0.999 times
31 Wed Jul 2024	511.55	327.60	534.00	322.35	2.646 times
28 Fri Jun 2024	324.15	300.00	351.80	222.85	1.008 times

Scroll below to view daily charts

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 Balu Forge (BALUFORGE)

Price action analysis of Balu Forge ( (BALUFORGE) ) 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 Balu Forge ( (BALUFORGE) ) based on a short to mid 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 Balu Forge ( (BALUFORGE) ) 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 Balu Forge stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Balu Forge in short term but the sell signal is initial and weak.

Balu 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Balu Forge in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Balu 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 799.69 and Balu Forge (BALUFORGE) 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 Balu Forge (BALUFORGE) stock. Volume based technical analysis of Balu Forge (BALUFORGE) stock is negative.

Balu Forge Stock has given negative 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.