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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 2024-06-04 View latest technical analysis

10 day averaged volume of Bharat Forge is 1530525

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	1446.25	1608.25	1614.00	1412.85	2.173 times
03 Mon Jun 2024	1608.25	1649.95	1649.95	1588.90	1.224 times
31 Fri May 2024	1554.55	1569.00	1586.95	1548.10	1.561 times
30 Thu May 2024	1554.35	1560.10	1579.70	1548.85	0.601 times
29 Wed May 2024	1568.65	1555.00	1573.00	1545.10	0.484 times
28 Tue May 2024	1565.25	1579.00	1600.00	1559.65	0.659 times
27 Mon May 2024	1572.00	1589.90	1591.00	1533.10	1.892 times
24 Fri May 2024	1573.50	1493.25	1587.00	1480.50	2.053 times
23 Thu May 2024	1493.25	1481.00	1499.90	1463.85	0.261 times
22 Wed May 2024	1478.30	1508.00	1510.95	1460.00	0.501 times

Stock of Bharat Forge (BHARATFORG) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1431.9 as stoploss in an intra day buy trade for a target of 1495.19. However, stock will show a bearish move below 1431.9.

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1063.00
Downside Target	1088.00
Downside Target	1209.15
Downside Target	1326.00
Downside Target	1368.90
Downside Target	1412.85
Upside Target	1460.00
Upside Target	1533.10
Upside Target	1587.00
Upside Target	1600.00
Upside Target	1649.95

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1356.08
Downside Intraday Target	1265.92
Upside Intraday Target	1593.18
Upside Intraday Target	1740.12
Upside Intraday Target	1503.02

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	1446.25	1649.95	1649.95	1412.85	0.654 times
31 Fri May 2024	1554.55	1589.90	1600.00	1533.10	1.451 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

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
04 Tue Jun 2024	1446.25	1649.95	1649.95	1412.85	0.115 times
31 Fri May 2024	1554.55	1271.50	1600.00	1209.15	1.557 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

Scroll below to view daily charts

Price has moved down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Bharat Forge in short term but the sell signal is initial and weak.

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. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Bharat Forge in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 1542.44 and Bharat Forge (BHARATFORG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.