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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 2024-05-17 View latest technical analysis

10 day averaged volume of Bharat Forge is 3080100

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	1479.25	1489.00	1490.80	1471.50	0.17 times
16 Thu May 2024	1483.00	1468.10	1492.30	1457.20	0.409 times
15 Wed May 2024	1462.70	1439.05	1467.45	1431.00	0.288 times
14 Tue May 2024	1440.85	1413.95	1449.80	1408.10	0.236 times
13 Mon May 2024	1416.00	1390.45	1423.00	1368.90	0.521 times
10 Fri May 2024	1397.70	1420.60	1438.00	1390.00	0.692 times
09 Thu May 2024	1412.75	1411.00	1463.30	1391.00	3.009 times
08 Wed May 2024	1405.15	1242.00	1474.40	1209.15	4.022 times
07 Tue May 2024	1239.95	1249.70	1250.30	1223.70	0.232 times
06 Mon May 2024	1248.40	1261.90	1261.90	1238.85	0.369 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1423.5, but if it comes below 1423.5, then a intra day sell could be more profitable.
If you take a sell trade below 1423.5, then use 1423.5 as stoploss and 1325.67 as target. However if you take a buy trade in stock , then use 1423.5 as stoploss and 1540.9 as target.

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
Downside Target	1474.40
Upside Target	1492.30

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1401.33
Downside Intraday Target	1323.42
Upside Intraday Target	1524.73
Upside Intraday Target	1570.22
Downside Intraday Target	1446.82

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	1479.25	1390.45	1492.30	1368.90	0.195 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
17 Fri May 2024	1479.25	1271.50	1492.30	1209.15	1.092 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 coming down

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 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 1404.81 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.