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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 2024-11-06 View latest technical analysis

10 day averaged volume of Balu Forge is 397559

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	783.00	732.95	787.00	731.10	1.926 times
05 Tue Nov 2024	730.15	733.00	740.70	718.90	0.531 times
04 Mon Nov 2024	732.85	757.80	757.80	723.10	0.757 times
01 Fri Nov 2024	759.25	756.50	772.80	755.75	0.302 times
31 Thu Oct 2024	750.30	742.00	774.00	740.05	0.986 times
30 Wed Oct 2024	744.15	732.90	754.10	726.25	0.706 times
29 Tue Oct 2024	732.25	738.00	749.20	715.60	0.686 times
28 Mon Oct 2024	734.85	703.90	760.00	697.40	1.564 times
25 Fri Oct 2024	695.60	742.00	742.90	669.50	1.982 times
24 Thu Oct 2024	741.10	766.80	782.45	734.15	1.081 times

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 798.8 as stoploss in an intra day sell trade for a target of 764.14. However, stock will show a bullish move above 798.8.

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	322.35
Downside Target	460.00
Downside Target	534.00
Downside Target	669.50
Downside Target	686.85
Downside Target	718.90
Downside Target	766.00
Upside Target	787.00
Upside Target	849.70
Upside Target	859.00
Upside Target	873.90
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	738.93
Downside Intraday Target	694.87
Upside Intraday Target	807.03
Upside Intraday Target	831.07
Downside Intraday Target	762.97

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	783.00	757.80	787.00	718.90	0.758 times
01 Fri Nov 2024	759.25	703.90	774.00	697.40	0.38 times
25 Fri Oct 2024	695.60	844.00	873.90	669.50	1.174 times
18 Fri Oct 2024	844.50	767.00	859.00	766.00	1.549 times
11 Fri Oct 2024	765.35	772.20	786.00	686.85	1.311 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 Balu Forge (BALUFORGE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	783.00	756.50	787.00	718.90	0.103 times
31 Thu Oct 2024	750.30	781.95	873.90	669.50	0.642 times
30 Mon Sep 2024	779.15	754.40	886.95	721.10	0.68 times
30 Fri Aug 2024	750.60	510.00	849.70	460.00	0.999 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 neutral. A longer time frame might give a better analysis.

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 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 mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Balu Forge stock for short term is BUY. 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.

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. 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 Balu Forge in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Balu 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 739.14 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 is giving positive 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.