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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 2024-05-08 View latest technical analysis

10 day averaged volume of Bharat Forge is 1404784

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	1405.15	1242.00	1474.40	1209.15	8.819 times
07 Tue May 2024	1239.95	1249.70	1250.30	1223.70	0.508 times
06 Mon May 2024	1248.40	1261.90	1261.90	1238.85	0.809 times
03 Fri May 2024	1252.20	1274.90	1280.95	1242.20	0.487 times
02 Thu May 2024	1274.25	1271.50	1285.00	1262.80	0.351 times
30 Tue Apr 2024	1271.20	1291.00	1301.00	1266.60	0.443 times
29 Mon Apr 2024	1282.00	1312.25	1316.90	1273.55	0.839 times
26 Fri Apr 2024	1309.90	1318.00	1326.00	1306.35	0.761 times
25 Thu Apr 2024	1311.85	1240.75	1325.90	1237.20	4.558 times
24 Wed Apr 2024	1222.00	1220.00	1231.00	1209.05	0.907 times

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

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 1368.6, for a target of 1293.7 or 1231.36

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1063.00
Downside Target	1088.00
Downside Target	1136.00
Downside Target	1180.00
Downside Target	1242.20
Downside Target	1299.00
Downside Target	1316.90
Downside Target	1326.00
Downside Target	1330.00
Upside Target	1474.40

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1251.4
Downside Intraday Target	1097.65
Upside Intraday Target	1516.65
Upside Intraday Target	1628.15
Downside Intraday Target	1362.9

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	1405.15	1261.90	1474.40	1209.15	4.785 times
03 Fri May 2024	1252.20	1312.25	1316.90	1242.20	0.298 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

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 Bharat Forge (BHARATFORG)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	1405.15	1271.50	1474.40	1209.15	0.529 times
30 Tue Apr 2024	1271.20	1132.20	1326.00	1105.30	1.27 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Bharat Forge stock for short term is BUY. Signal strength is Strong and stock is gaining 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 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 Bharat Forge in short term and BUY signal is strong.

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

MRSI is in positive zone. This is a BUY zone

Stock of Bharat 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 1342.51 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.