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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 2024-08-08 View latest technical analysis

10 day averaged volume of Bharat Forge is 1506388

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	1605.45	1562.00	1643.00	1536.15	2.727 times
07 Wed Aug 2024	1557.45	1559.00	1576.50	1530.00	0.968 times
06 Tue Aug 2024	1517.45	1568.00	1608.75	1510.40	1.354 times
05 Mon Aug 2024	1553.05	1579.95	1597.65	1538.10	1.743 times
02 Fri Aug 2024	1655.40	1707.00	1707.00	1648.00	0.888 times
01 Thu Aug 2024	1717.55	1740.00	1771.20	1703.65	0.753 times
31 Wed Jul 2024	1733.50	1736.15	1745.00	1722.05	0.412 times
30 Tue Jul 2024	1743.85	1740.45	1753.00	1719.20	0.576 times
29 Mon Jul 2024	1737.00	1694.95	1747.00	1691.25	1.179 times
26 Fri Jul 2024	1684.90	1604.60	1694.30	1604.60	1.829 times

Stock of Bharat Forge (BHARATFORG) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 1570.6 or till 1495.6. Use a stoploss of 1633.05 and if the stock hits stoploss, then it can shoot up till 1695.53

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
Downside Target	1575.00
Upside Target	1643.00
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	1529.57
Downside Intraday Target	1453.68
Upside Intraday Target	1662.17
Upside Intraday Target	1718.88
Downside Intraday Target	1586.28

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	1605.45	1579.95	1643.00	1510.40	1.783 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bharat Forge (BHARATFORG)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	1605.45	1740.00	1771.20	1510.40	0.479 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 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 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 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 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 and the sell signal is strong.

Bharat Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 1629.97 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 is giving positive 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.