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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 2024-08-26 View latest technical analysis

10 day averaged volume of Bharat Forge is 1026285

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	1634.70	1622.00	1638.15	1613.70	0.695 times
23 Fri Aug 2024	1620.30	1636.50	1636.95	1601.90	0.846 times
22 Thu Aug 2024	1621.20	1607.90	1647.95	1594.00	0.931 times
21 Wed Aug 2024	1600.00	1577.00	1610.00	1573.15	0.832 times
20 Tue Aug 2024	1577.40	1600.00	1604.65	1551.05	1.015 times
19 Mon Aug 2024	1587.70	1610.00	1613.70	1560.15	1.156 times
16 Fri Aug 2024	1584.50	1582.90	1601.80	1575.80	0.725 times
14 Wed Aug 2024	1567.20	1574.10	1583.95	1553.25	0.453 times
13 Tue Aug 2024	1581.05	1594.95	1605.00	1576.25	0.467 times
12 Mon Aug 2024	1593.55	1629.95	1629.95	1565.55	1.609 times

My analysis of stock is bullish for shortterm, and stock might move up till 1685.2 or till 1761.9. Use a stoploss of 1621.24 and if this stock hits its stoploss, then it can fall down till 1557.29

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	1551.05
Downside Target	1600.00
Upside Target	1648.00
Upside Target	1654.95
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	1619.55
Downside Intraday Target	1604.4
Upside Intraday Target	1644
Upside Intraday Target	1653.3
Downside Intraday Target	1628.85

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	1634.70	1622.00	1638.15	1613.70	0.145 times
23 Fri Aug 2024	1620.30	1610.00	1647.95	1551.05	1.469 times
16 Fri Aug 2024	1584.50	1629.95	1629.95	1553.25	0.273 times
09 Fri Aug 2024	1636.55	1579.95	1654.95	1510.40	2.135 times
02 Fri Aug 2024	1655.40	1694.95	1771.20	1648.00	0.741 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
26 Mon Aug 2024	1634.70	1740.00	1771.20	1510.40	0.892 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 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 to mid 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 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 BUY signal for Bharat Forge in short term but the buy 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 red color and prices are in or above the red 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

Although the stock is in the BUY zone, but buying 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 1597.54 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 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.