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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 2024-09-24 View latest technical analysis

10 day averaged volume of Balu Forge is 866796

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	806.95	815.20	886.95	800.05	4.509 times
23 Mon Sep 2024	800.25	739.80	817.00	731.75	2.255 times
20 Fri Sep 2024	729.95	743.70	746.80	723.50	0.487 times
19 Thu Sep 2024	741.50	746.70	760.00	721.10	0.745 times
18 Wed Sep 2024	740.95	739.85	788.70	732.80	1.146 times
17 Tue Sep 2024	740.55	768.90	778.00	732.65	0.669 times
16 Mon Sep 2024	764.05	800.95	801.00	759.95	1.163 times
13 Fri Sep 2024	802.30	792.80	823.00	772.70	1.052 times
12 Thu Sep 2024	789.50	827.70	831.55	782.95	0.935 times
11 Wed Sep 2024	819.70	839.75	851.45	815.10	0.686 times

Stock of Balu Forge (BALUFORGE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 811.9 as stoploss in an intra day sell trade for a target of 778.71. However, stock will show a bullish move above 811.9.

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	721.10
Downside Target	750.00
Downside Target	770.00
Downside Target	798.80
Upside Target	849.70
Upside Target	866.50
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	730.15
Downside Intraday Target	653.35
Upside Intraday Target	885.35
Upside Intraday Target	963.75
Upside Intraday Target	808.55

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	806.95	739.80	886.95	731.75	1.606 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Balu Forge (BALUFORGE)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	806.95	754.40	886.95	721.10	0.583 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 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 Balu Forge (BALUFORGE)

Price action analysis of Balu Forge ( (BALUFORGE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Balu Forge ( (BALUFORGE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Balu Forge ( (BALUFORGE) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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

Balu Forge Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Balu 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 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 786.15 and Balu Forge (BALUFORGE) 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 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.