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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 2024-08-22 View latest technical analysis

10 day averaged volume of Balu Forge is 1382839

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	648.30	618.80	650.00	610.80	1.019 times
21 Wed Aug 2024	616.60	605.05	630.00	605.05	1.233 times
20 Tue Aug 2024	598.45	574.00	604.95	564.65	0.892 times
19 Mon Aug 2024	572.50	575.00	595.95	568.20	0.519 times
16 Fri Aug 2024	572.70	567.00	587.00	543.00	0.697 times
14 Wed Aug 2024	560.25	563.00	569.85	532.40	0.482 times
13 Tue Aug 2024	558.75	579.05	583.00	553.40	0.488 times
12 Mon Aug 2024	577.40	572.00	599.00	572.00	0.812 times
09 Fri Aug 2024	578.80	584.95	596.00	570.60	0.845 times
08 Thu Aug 2024	577.55	545.15	592.40	534.55	2.076 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 666.7, for a target of 594.1 or 533.63

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	373.05
Downside Target	450.00
Downside Target	532.40
Downside Target	534.00
Downside Target	564.65
Downside Target	596.00
Downside Target	599.00
Upside Target	650.00

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	591.97
Downside Intraday Target	535.63
Upside Intraday Target	677.32
Upside Intraday Target	706.33
Downside Intraday Target	620.98

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	648.30	575.00	650.00	564.65	1.478 times
16 Fri Aug 2024	572.70	572.00	599.00	532.40	0.375 times
09 Fri Aug 2024	578.80	470.00	596.00	460.00	0.747 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

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
22 Thu Aug 2024	648.30	510.00	650.00	460.00	0.637 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 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 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 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

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 590.38 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.