Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(BALUFORGE) Balu Forge complete technical analysis [charts+indicators] | Buy/Sell Balu Forge | (BALUFORGE) share price targets

Complete technical analysis of Balu Forge (BALUFORGE) by charts plus indicators, forecast predictions and share price targets for Balu Forge (BALUFORGE)

Showing technical analysis as on 2024-08-01 View latest technical analysis

10 day averaged volume of Balu Forge is 1662013

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	506.25	510.00	523.00	503.60	0.965 times
31 Wed Jul 2024	511.55	503.00	534.00	488.85	2.261 times
30 Tue Jul 2024	492.10	471.45	512.60	471.45	2.199 times
29 Mon Jul 2024	469.45	457.00	484.80	455.05	1.554 times
26 Fri Jul 2024	447.00	413.00	450.00	413.00	1.507 times
25 Thu Jul 2024	409.95	402.05	418.00	396.05	0.621 times
24 Wed Jul 2024	407.85	409.00	410.95	401.15	0.325 times
23 Tue Jul 2024	408.90	392.90	415.30	373.05	0.487 times
22 Mon Jul 2024	390.35	393.00	401.75	383.60	0.293 times
19 Fri Jul 2024	397.55	395.10	403.40	382.50	0.375 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 513.4, for a target of 461.6 or 418.46

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	222.85
Downside Target	268.00
Downside Target	308.90
Downside Target	322.35
Downside Target	351.80
Downside Target	368.00
Downside Target	427.00
Downside Target	450.00
Downside Target	455.05
Downside Target	503.60
Upside Target	523.00
Upside Target	534.00

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	462.87
Downside Intraday Target	419.48
Upside Intraday Target	541.82
Upside Intraday Target	577.38
Downside Intraday Target	498.43

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	506.25	457.00	534.00	455.05	2.159 times
26 Fri Jul 2024	447.00	393.00	450.00	373.05	1.35 times
19 Fri Jul 2024	397.55	412.00	427.00	382.50	0.713 times
12 Fri Jul 2024	404.50	368.00	429.30	368.00	0.886 times
05 Fri Jul 2024	362.30	327.60	379.90	322.35	2.882 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Balu Forge (BALUFORGE)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	506.25	510.00	523.00	503.60	0.051 times
31 Wed Jul 2024	511.55	327.60	534.00	322.35	2.646 times
28 Fri Jun 2024	324.15	300.00	351.80	222.85	1.008 times
31 Fri May 2024	284.70	279.00	324.40	268.00	8.804 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 Balu Forge (BALUFORGE)

Price action analysis of Balu Forge ( (BALUFORGE) ) 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 Balu Forge ( (BALUFORGE) ) 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 Balu Forge ( (BALUFORGE) ) 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 Balu Forge stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Balu 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.

Balu Forge Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Balu Forge in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Balu 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 470.4 and Balu Forge (BALUFORGE) 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 Balu Forge (BALUFORGE) stock. Volume based technical analysis of Balu Forge (BALUFORGE) stock is negative.

Balu 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.