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(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 2024-08-06 View latest technical analysis

10 day averaged volume of Balu Forge is 1823404

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	469.45	488.00	504.85	465.10	0.718 times
05 Mon Aug 2024	479.40	470.00	484.95	460.00	0.601 times
02 Fri Aug 2024	491.55	499.00	509.65	490.10	0.357 times
01 Thu Aug 2024	506.25	510.00	523.00	503.60	0.88 times
31 Wed Jul 2024	511.55	503.00	534.00	488.85	2.061 times
30 Tue Jul 2024	492.10	471.45	512.60	471.45	2.005 times
29 Mon Jul 2024	469.45	457.00	484.80	455.05	1.417 times
26 Fri Jul 2024	447.00	413.00	450.00	413.00	1.374 times
25 Thu Jul 2024	409.95	402.05	418.00	396.05	0.566 times
24 Wed Jul 2024	407.85	409.00	410.95	401.15	0.296 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 477.2 as stoploss in an intra day sell trade for a target of 434.95. However, stock will show a bullish move above 477.2.

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	504.85
Upside Target	523.00
Upside Target	534.00

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	451.35
Downside Intraday Target	433.25
Upside Intraday Target	496.2
Upside Intraday Target	522.95
Upside Intraday Target	478.1

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	469.45	470.00	504.85	460.00	0.196 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
06 Tue Aug 2024	469.45	510.00	523.00	460.00	0.149 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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.

Balu Forge Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Balu 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 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 478.76 and Balu Forge (BALUFORGE) stock is trading below this level. This means that stock is falling with high volumes. 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.