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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 2024-09-04 View latest technical analysis

10 day averaged volume of Balu Forge is 1575418

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	768.70	766.90	784.40	750.00	0.328 times
03 Tue Sep 2024	778.60	776.00	782.00	756.10	0.358 times
02 Mon Sep 2024	772.15	754.40	798.80	754.00	0.493 times
30 Fri Aug 2024	750.60	754.70	770.45	740.50	0.275 times
29 Thu Aug 2024	746.35	768.25	779.90	725.00	0.592 times
28 Wed Aug 2024	771.50	791.80	803.05	765.95	0.423 times
27 Tue Aug 2024	786.90	776.50	820.00	771.55	0.957 times
26 Mon Aug 2024	763.45	795.00	849.70	738.60	2.64 times
23 Fri Aug 2024	774.30	654.00	777.95	646.65	2.286 times
22 Thu Aug 2024	648.30	618.80	650.00	610.80	0.894 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 761.1, but if it comes below 761.1, then a intra day sell could be more profitable.
If you take a sell trade below 761.1, then use 761.1 as stoploss and 665.42 as target. However if you take a buy trade in stock , then use 761.1 as stoploss and 875.9 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	750.00
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	746.2
Downside Intraday Target	723.7
Upside Intraday Target	795
Upside Intraday Target	821.3
Upside Intraday Target	772.5

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	768.70	754.40	798.80	750.00	0.241 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
04 Wed Sep 2024	768.70	754.40	798.80	750.00	0.06 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 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 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 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.

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 stronger in this stock.

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 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 757.55 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.