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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 2025-01-02 View latest technical analysis

10 day averaged volume of Balu Forge is 475765

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu Jan 2025	790.55	790.00	817.90	785.70	0.689 times
01 Wed Jan 2025	790.15	791.00	798.90	783.15	0.349 times
31 Tue Dec 2024	791.20	782.05	795.00	762.45	0.529 times
30 Mon Dec 2024	787.90	742.45	805.00	738.10	1.404 times
27 Fri Dec 2024	742.45	759.70	763.90	740.25	0.57 times
26 Thu Dec 2024	757.80	763.00	763.75	743.10	0.504 times
24 Tue Dec 2024	763.25	786.00	788.95	760.15	0.742 times
23 Mon Dec 2024	787.40	775.00	798.70	761.00	0.802 times
20 Fri Dec 2024	771.95	804.70	814.85	755.00	0.774 times
19 Thu Dec 2024	803.10	797.05	817.95	790.00	1.001 times

My analysis of stock is bearish for shortterm, and stock might move down till 772.4 or till 743.4. Use a stoploss of 796.58 and if the stock hits stoploss, then it can shoot up till 820.75

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	669.50
Downside Target	711.30
Downside Target	783.15
Upside Target	817.90
Upside Target	821.00
Upside Target	828.00
Upside Target	852.85
Upside Target	867.70
Upside Target	873.90
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	746.47
Downside Intraday Target	702.38
Upside Intraday Target	826.27
Upside Intraday Target	861.98
Downside Intraday Target	782.18

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu Jan 2025	790.55	742.45	817.90	738.10	1.135 times
27 Fri Dec 2024	742.45	775.00	798.70	740.25	0.313 times
20 Fri Dec 2024	771.95	797.00	867.70	755.00	0.978 times
13 Fri Dec 2024	799.25	812.00	852.85	783.50	1.17 times
06 Fri Dec 2024	806.75	744.25	828.00	732.50	1.455 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
02 Thu Jan 2025	790.55	791.00	817.90	783.15	0.036 times
31 Tue Dec 2024	791.20	744.25	867.70	732.50	1.686 times
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

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 to mid 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 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 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

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 780.77 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 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.