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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 2024-08-07 View latest technical analysis

10 day averaged volume of Bharat Forge is 1470006

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	1557.45	1559.00	1576.50	1530.00	0.992 times
06 Tue Aug 2024	1517.45	1568.00	1608.75	1510.40	1.388 times
05 Mon Aug 2024	1553.05	1579.95	1597.65	1538.10	1.786 times
02 Fri Aug 2024	1655.40	1707.00	1707.00	1648.00	0.91 times
01 Thu Aug 2024	1717.55	1740.00	1771.20	1703.65	0.772 times
31 Wed Jul 2024	1733.50	1736.15	1745.00	1722.05	0.422 times
30 Tue Jul 2024	1743.85	1740.45	1753.00	1719.20	0.59 times
29 Mon Jul 2024	1737.00	1694.95	1747.00	1691.25	1.208 times
26 Fri Jul 2024	1684.90	1604.60	1694.30	1604.60	1.875 times
25 Thu Jul 2024	1592.40	1570.00	1603.90	1558.55	0.304 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1573.4, but if it comes above 1573.4, then a intra day buy could be more profitable.
If you take a sell trade below 1573.4, then use 1573.4 as stoploss and 1498.5 as target. However if you take a buy trade in stock , then use 1573.4 as stoploss and 1635.77 as target.

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1105.30
Downside Target	1209.15
Downside Target	1326.00
Downside Target	1406.25
Downside Target	1500.00
Upside Target	1575.00
Upside Target	1648.00
Upside Target	1693.25
Upside Target	1694.30
Upside Target	1753.00
Upside Target	1771.20
Upside Target	1804.50

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1508.98
Downside Intraday Target	1460.52
Upside Intraday Target	1607.33
Upside Intraday Target	1657.22
Upside Intraday Target	1558.87

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	1557.45	1579.95	1608.75	1510.40	1.067 times
02 Fri Aug 2024	1655.40	1694.95	1771.20	1648.00	0.741 times
26 Fri Jul 2024	1684.90	1569.95	1694.30	1500.00	1.817 times
19 Fri Jul 2024	1579.40	1628.00	1665.85	1575.00	0.853 times
12 Fri Jul 2024	1618.95	1682.95	1693.25	1603.00	0.794 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
07 Wed Aug 2024	1557.45	1740.00	1771.20	1510.40	0.324 times
31 Wed Jul 2024	1733.50	1673.10	1753.00	1500.00	0.767 times
28 Fri Jun 2024	1670.35	1649.95	1804.50	1406.25	0.763 times
31 Fri May 2024	1554.55	1271.50	1600.00	1209.15	1.557 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bharat Forge ( (BHARATFORG) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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.

Bharat Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Bharat Forge in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 1635.55 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.