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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 2024-06-11 View latest technical analysis

10 day averaged volume of Bharat Forge is 1716570

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	1602.60	1590.00	1619.45	1584.00	0.459 times
10 Mon Jun 2024	1580.80	1593.90	1604.90	1557.35	1.332 times
07 Fri Jun 2024	1583.20	1549.75	1589.90	1538.70	0.454 times
06 Thu Jun 2024	1557.05	1515.00	1578.85	1497.10	0.613 times
05 Wed Jun 2024	1501.40	1490.00	1514.95	1406.25	1.626 times
04 Tue Jun 2024	1446.25	1608.25	1614.00	1412.85	1.937 times
03 Mon Jun 2024	1608.25	1649.95	1649.95	1588.90	1.091 times
31 Fri May 2024	1554.55	1569.00	1586.95	1548.10	1.392 times
30 Thu May 2024	1554.35	1560.10	1579.70	1548.85	0.536 times
29 Wed May 2024	1568.65	1555.00	1573.00	1545.10	0.431 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1582.1, but if it comes below 1582.1, then a intra day sell could be more profitable.
If you take a sell trade below 1582.1, then use 1582.1 as stoploss and 1532.82 as target. However if you take a buy trade in stock , then use 1582.1 as stoploss and 1641.2 as target.

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	1406.25
Downside Target	1460.00
Downside Target	1495.75
Downside Target	1533.10
Downside Target	1600.00
Upside Target	1619.45
Upside Target	1649.95

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1566.82
Downside Intraday Target	1531.03
Upside Intraday Target	1628.92
Upside Intraday Target	1655.23
Downside Intraday Target	1593.13

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	1602.60	1593.90	1619.45	1557.35	0.313 times
07 Fri Jun 2024	1583.20	1649.95	1649.95	1406.25	1.235 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

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
11 Tue Jun 2024	1602.60	1649.95	1649.95	1406.25	0.284 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 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 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 SELL signal for Bharat Forge in short term but the sell signal is initial and weak.

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 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 1538.33 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.