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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 2024-09-02 View latest technical analysis

10 day averaged volume of Balu Forge is 1636510

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	772.15	754.40	798.80	754.00	0.474 times
30 Fri Aug 2024	750.60	754.70	770.45	740.50	0.265 times
29 Thu Aug 2024	746.35	768.25	779.90	725.00	0.57 times
28 Wed Aug 2024	771.50	791.80	803.05	765.95	0.407 times
27 Tue Aug 2024	786.90	776.50	820.00	771.55	0.922 times
26 Mon Aug 2024	763.45	795.00	849.70	738.60	2.541 times
23 Fri Aug 2024	774.30	654.00	777.95	646.65	2.201 times
22 Thu Aug 2024	648.30	618.80	650.00	610.80	0.861 times
21 Wed Aug 2024	616.60	605.05	630.00	605.05	1.042 times
20 Tue Aug 2024	598.45	574.00	604.95	564.65	0.753 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 739.1, but if it comes below 739.1, then a intra day sell could be more profitable.
If you take a sell trade below 739.1, then use 739.1 as stoploss and 635.5 as target. However if you take a buy trade in stock , then use 739.1 as stoploss and 863.4 as target.

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	222.85
Downside Target	268.00
Downside Target	322.35
Downside Target	351.80
Downside Target	460.00
Downside Target	532.40
Downside Target	564.65
Downside Target	596.00
Downside Target	725.00
Downside Target	754.00
Upside Target	777.95
Upside Target	798.80
Upside Target	849.70

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	751.17
Downside Intraday Target	730.18
Upside Intraday Target	795.97
Upside Intraday Target	819.78
Upside Intraday Target	774.98

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	772.15	754.40	798.80	754.00	0.101 times
30 Fri Aug 2024	750.60	795.00	849.70	725.00	0.888 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

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
02 Mon Sep 2024	772.15	754.40	798.80	754.00	0.025 times
30 Fri Aug 2024	750.60	510.00	849.70	460.00	0.999 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 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 729.89 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.