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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 2024-11-29 View latest technical analysis

10 day averaged volume of Balu Forge is 442879

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	744.25	726.70	752.45	726.00	0.936 times
28 Thu Nov 2024	724.05	734.65	740.00	721.00	0.624 times
27 Wed Nov 2024	732.85	734.00	736.70	726.40	0.491 times
26 Tue Nov 2024	734.55	734.60	749.00	731.90	0.567 times
25 Mon Nov 2024	741.05	748.05	763.85	726.60	2.773 times
22 Fri Nov 2024	744.30	763.00	763.00	732.00	0.862 times
21 Thu Nov 2024	759.90	747.05	764.95	714.00	1.331 times
19 Tue Nov 2024	748.50	751.45	768.30	745.00	0.529 times
18 Mon Nov 2024	747.90	752.00	769.00	738.30	0.759 times
14 Thu Nov 2024	750.00	718.95	755.00	717.95	1.141 times

My analysis of stock is bearish for shortterm, and stock might move down till 729 or till 702.5. Use a stoploss of 751.16 and if the stock hits stoploss, then it can shoot up till 773.29

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	697.40
Upside Target	763.85
Upside Target	774.00
Upside Target	789.05
Upside Target	821.00
Upside Target	849.70
Upside Target	873.90
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	722.22
Downside Intraday Target	700.18
Upside Intraday Target	765.07
Upside Intraday Target	785.88
Downside Intraday Target	743.03

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	744.25	748.05	763.85	721.00	1.549 times
22 Fri Nov 2024	744.30	752.00	769.00	714.00	1.006 times
14 Thu Nov 2024	750.00	789.05	789.05	711.30	0.606 times
08 Fri Nov 2024	793.50	757.80	821.00	718.90	1.499 times
01 Fri Nov 2024	759.25	703.90	774.00	697.40	0.38 times

Price has moved down 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
29 Fri Nov 2024	744.25	756.50	821.00	711.30	0.595 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 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 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 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 Balu Forge stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Balu Forge in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 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 744.24 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.