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 2024-08-05 View latest technical analysis

10 day averaged volume of Balu Forge is 1762502

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	479.40	470.00	484.95	460.00	0.622 times
02 Fri Aug 2024	491.55	499.00	509.65	490.10	0.37 times
01 Thu Aug 2024	506.25	510.00	523.00	503.60	0.91 times
31 Wed Jul 2024	511.55	503.00	534.00	488.85	2.132 times
30 Tue Jul 2024	492.10	471.45	512.60	471.45	2.074 times
29 Mon Jul 2024	469.45	457.00	484.80	455.05	1.466 times
26 Fri Jul 2024	447.00	413.00	450.00	413.00	1.422 times
25 Thu Jul 2024	409.95	402.05	418.00	396.05	0.585 times
24 Wed Jul 2024	407.85	409.00	410.95	401.15	0.307 times
23 Tue Jul 2024	408.90	392.90	415.30	373.05	0.459 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 473.5, but if it comes below 473.5, then a intra day sell could be more profitable.
If you take a sell trade below 473.5, then use 473.5 as stoploss and 431.1 as target. However if you take a buy trade in stock , then use 473.5 as stoploss and 524.4 as target.

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	382.50
Downside Target	427.00
Downside Target	450.00
Downside Target	460.00
Upside Target	484.95
Upside Target	523.00
Upside Target	534.00

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	464.62
Downside Intraday Target	449.83
Upside Intraday Target	489.57
Upside Intraday Target	499.73
Downside Intraday Target	474.78

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	479.40	470.00	484.95	460.00	0.089 times
02 Fri Aug 2024	491.55	457.00	534.00	455.05	2.28 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

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 Balu Forge (BALUFORGE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	479.40	510.00	523.00	460.00	0.107 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 losing momentum.

MACD generated a BUY signal for Balu Forge in short term and the buy signal is strong.

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 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 Balu 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 476.33 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.