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

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

Bharat Forge trades in NSE in Other Industrial Products sector.

Showing technical analysis as on 2024-04-29 View latest technical analysis

10 day averaged volume of Bharat Forge is 1537357

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1282.00	1312.25	1316.90	1273.55	0.766 times
26 Fri Apr 2024	1309.90	1318.00	1326.00	1306.35	0.695 times
25 Thu Apr 2024	1311.85	1240.75	1325.90	1237.20	4.165 times
24 Wed Apr 2024	1222.00	1220.00	1231.00	1209.05	0.829 times
23 Tue Apr 2024	1206.55	1212.00	1212.00	1194.75	0.309 times
22 Mon Apr 2024	1204.50	1205.85	1215.00	1197.15	0.493 times
19 Fri Apr 2024	1193.10	1180.00	1196.30	1158.10	0.508 times
18 Thu Apr 2024	1186.20	1187.70	1196.80	1174.40	0.684 times
16 Tue Apr 2024	1180.65	1165.00	1189.60	1162.50	0.927 times
15 Mon Apr 2024	1170.30	1155.00	1176.50	1155.00	0.759 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1305.4, for a target of 1242.7 or 1190.42

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1063.00
Downside Target	1088.00
Downside Target	1196.80
Downside Target	1211.00
Downside Target	1249.90
Downside Target	1273.55
Upside Target	1299.00
Upside Target	1316.90
Upside Target	1326.00
Upside Target	1330.00

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1264.73
Downside Intraday Target	1247.47
Upside Intraday Target	1308.08
Upside Intraday Target	1334.17
Upside Intraday Target	1290.82

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1282.00	1312.25	1316.90	1273.55	0.118 times
26 Fri Apr 2024	1309.90	1205.85	1326.00	1194.75	2.256 times
19 Fri Apr 2024	1193.10	1155.00	1196.80	1155.00	0.78 times
12 Fri Apr 2024	1169.05	1152.95	1187.00	1136.00	0.782 times
05 Fri Apr 2024	1145.65	1132.20	1172.50	1105.30	1.845 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 Bharat Forge (BHARATFORG)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1282.00	1132.20	1326.00	1105.30	1.243 times
28 Thu Mar 2024	1129.60	1150.05	1211.00	1088.00	0.65 times
29 Thu Feb 2024	1151.00	1242.00	1330.00	1063.00	2.105 times
31 Wed Jan 2024	1235.25	1242.00	1299.00	1180.00	0.871 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 Bharat Forge (BHARATFORG)

Price action analysis of Bharat Forge ( (BHARATFORG) ) 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 Bharat Forge ( (BHARATFORG) ) based on a short to mid 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 Bharat Forge ( (BHARATFORG) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Bharat Forge stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Bharat Forge in short term and the buy signal is strong.

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

Bharat Forge Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bharat Forge in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 Bharat 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 1256.65 and Bharat Forge (BHARATFORG) 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 Bharat Forge (BHARATFORG) stock. Volume based technical analysis of Bharat Forge (BHARATFORG) stock is negative.

Bharat Forge Stock is giving positive 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.