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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 2024-05-15 View latest technical analysis

10 day averaged volume of Bharat Forge is 2976826

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	1462.70	1439.05	1467.45	1431.00	0.298 times
14 Tue May 2024	1440.85	1413.95	1449.80	1408.10	0.244 times
13 Mon May 2024	1416.00	1390.45	1423.00	1368.90	0.539 times
10 Fri May 2024	1397.70	1420.60	1438.00	1390.00	0.716 times
09 Thu May 2024	1412.75	1411.00	1463.30	1391.00	3.113 times
08 Wed May 2024	1405.15	1242.00	1474.40	1209.15	4.162 times
07 Tue May 2024	1239.95	1249.70	1250.30	1223.70	0.24 times
06 Mon May 2024	1248.40	1261.90	1261.90	1238.85	0.382 times
03 Fri May 2024	1252.20	1274.90	1280.95	1242.20	0.23 times
02 Thu May 2024	1274.25	1271.50	1285.00	1262.80	0.165 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 1496.3, for a target of 1387 or 1295.9

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1063.00
Downside Target	1088.00
Downside Target	1155.00
Downside Target	1180.00
Downside Target	1242.20
Downside Target	1299.00
Downside Target	1326.00
Downside Target	1330.00
Downside Target	1368.90
Upside Target	1467.45
Upside Target	1474.40

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1398.58
Downside Intraday Target	1334.47
Upside Intraday Target	1497.13
Upside Intraday Target	1531.57
Downside Intraday Target	1433.02

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	1462.70	1390.45	1467.45	1368.90	0.126 times
10 Fri May 2024	1397.70	1261.90	1474.40	1209.15	8.615 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

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 Bharat Forge (BHARATFORG)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Wed May 2024	1462.70	1271.50	1474.40	1209.15	1.031 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 1394.63 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.