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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 2024-05-28 View latest technical analysis

10 day averaged volume of Bharat Forge is 1185751

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	1565.25	1579.00	1600.00	1559.65	0.851 times
27 Mon May 2024	1572.00	1589.90	1591.00	1533.10	2.442 times
24 Fri May 2024	1573.50	1493.25	1587.00	1480.50	2.649 times
23 Thu May 2024	1493.25	1481.00	1499.90	1463.85	0.337 times
22 Wed May 2024	1478.30	1508.00	1510.95	1460.00	0.647 times
21 Tue May 2024	1502.05	1490.05	1510.00	1467.05	0.988 times
18 Sat May 2024	1490.05	1487.00	1495.75	1477.05	0.072 times
17 Fri May 2024	1479.25	1489.00	1490.80	1471.50	0.442 times
16 Thu May 2024	1483.00	1468.10	1492.30	1457.20	1.062 times
15 Wed May 2024	1462.70	1439.05	1467.45	1431.00	0.749 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1530.6, but if it comes below 1530.6, then a intra day sell could be more profitable.
If you take a sell trade below 1530.6, then use 1530.6 as stoploss and 1422.89 as target. However if you take a buy trade in stock , then use 1530.6 as stoploss and 1659.8 as target.

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1063.00
Downside Target	1088.00
Downside Target	1180.00
Downside Target	1209.15
Downside Target	1242.20
Downside Target	1299.00
Downside Target	1368.90
Downside Target	1460.00
Downside Target	1474.40
Downside Target	1495.75
Downside Target	1533.10
Upside Target	1587.00
Upside Target	1600.00

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1532.23
Downside Intraday Target	1499.22
Upside Intraday Target	1599.13
Upside Intraday Target	1633.02
Upside Intraday Target	1566.12

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	1565.25	1589.90	1600.00	1533.10	0.713 times
24 Fri May 2024	1573.50	1490.05	1587.00	1460.00	1.077 times
18 Sat May 2024	1490.05	1390.45	1495.75	1368.90	0.198 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

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
28 Tue May 2024	1565.25	1271.50	1600.00	1209.15	1.418 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 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 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

Although the stock is in the BUY zone, but buying 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 1534.76 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.