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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 2024-06-12 View latest technical analysis

10 day averaged volume of Bharat Forge is 1694525

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	1631.60	1605.45	1644.95	1605.05	0.588 times
11 Tue Jun 2024	1602.60	1590.00	1619.45	1584.00	0.465 times
10 Mon Jun 2024	1580.80	1593.90	1604.90	1557.35	1.349 times
07 Fri Jun 2024	1583.20	1549.75	1589.90	1538.70	0.46 times
06 Thu Jun 2024	1557.05	1515.00	1578.85	1497.10	0.621 times
05 Wed Jun 2024	1501.40	1490.00	1514.95	1406.25	1.647 times
04 Tue Jun 2024	1446.25	1608.25	1614.00	1412.85	1.962 times
03 Mon Jun 2024	1608.25	1649.95	1649.95	1588.90	1.105 times
31 Fri May 2024	1554.55	1569.00	1586.95	1548.10	1.41 times
30 Thu May 2024	1554.35	1560.10	1579.70	1548.85	0.543 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 1653.4, for a target of 1592.2 or 1541.27

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	1644.95
Upside Target	1649.95

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1577.65
Downside Intraday Target	1523.7
Upside Intraday Target	1665.25
Upside Intraday Target	1698.9
Downside Intraday Target	1611.3

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	1631.60	1593.90	1644.95	1557.35	0.414 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
12 Wed Jun 2024	1631.60	1649.95	1649.95	1406.25	0.306 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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 1542.43 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.