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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 2024-08-28 View latest technical analysis

10 day averaged volume of Balu Forge is 1663873

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	771.50	791.80	803.05	765.95	0.4 times
27 Tue Aug 2024	786.90	776.50	820.00	771.55	0.906 times
26 Mon Aug 2024	763.45	795.00	849.70	738.60	2.5 times
23 Fri Aug 2024	774.30	654.00	777.95	646.65	2.164 times
22 Thu Aug 2024	648.30	618.80	650.00	610.80	0.847 times
21 Wed Aug 2024	616.60	605.05	630.00	605.05	1.025 times
20 Tue Aug 2024	598.45	574.00	604.95	564.65	0.741 times
19 Mon Aug 2024	572.50	575.00	595.95	568.20	0.431 times
16 Fri Aug 2024	572.70	567.00	587.00	543.00	0.579 times
14 Wed Aug 2024	560.25	563.00	569.85	532.40	0.4 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 814.4, for a target of 696.1 or 597.51

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	455.05
Downside Target	532.40
Downside Target	564.65
Downside Target	596.00
Downside Target	599.00
Downside Target	738.60
Upside Target	777.95
Upside Target	849.70

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	723.5
Downside Intraday Target	675.5
Upside Intraday Target	834.6
Upside Intraday Target	897.7
Upside Intraday Target	786.6

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	771.50	795.00	849.70	738.60	0.731 times
23 Fri Aug 2024	774.30	575.00	777.95	564.65	2.528 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

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
28 Wed Aug 2024	771.50	510.00	849.70	460.00	0.955 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 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.

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 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 703.76 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.