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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 2024-08-07 View latest technical analysis

10 day averaged volume of Balu Forge is 1873499

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	534.55	477.50	546.00	475.10	1.444 times
06 Tue Aug 2024	469.45	488.00	504.85	465.10	0.699 times
05 Mon Aug 2024	479.40	470.00	484.95	460.00	0.585 times
02 Fri Aug 2024	491.55	499.00	509.65	490.10	0.348 times
01 Thu Aug 2024	506.25	510.00	523.00	503.60	0.856 times
31 Wed Jul 2024	511.55	503.00	534.00	488.85	2.006 times
30 Tue Jul 2024	492.10	471.45	512.60	471.45	1.951 times
29 Mon Jul 2024	469.45	457.00	484.80	455.05	1.379 times
26 Fri Jul 2024	447.00	413.00	450.00	413.00	1.337 times
25 Thu Jul 2024	409.95	402.05	418.00	396.05	0.551 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 543.9, for a target of 488.3 or 442.01

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
Downside Target	534.00
Upside Target	546.00

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	481.03
Downside Intraday Target	427.52
Upside Intraday Target	567.03
Upside Intraday Target	599.52
Downside Intraday Target	513.52

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	534.55	470.00	546.00	460.00	0.417 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 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 Balu Forge (BALUFORGE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	534.55	510.00	546.00	460.00	0.236 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 up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 and the buying is gaining 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 487.81 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.