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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 2024-09-09 View latest technical analysis

10 day averaged volume of Balu Forge is 1039099

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	854.35	771.20	866.35	770.00	2.811 times
06 Fri Sep 2024	770.25	790.00	796.75	764.00	0.326 times
05 Thu Sep 2024	786.15	775.15	796.80	775.00	0.478 times
04 Wed Sep 2024	768.70	766.90	784.40	750.00	0.497 times
03 Tue Sep 2024	778.60	776.00	782.00	756.10	0.542 times
02 Mon Sep 2024	772.15	754.40	798.80	754.00	0.747 times
30 Fri Aug 2024	750.60	754.70	770.45	740.50	0.417 times
29 Thu Aug 2024	746.35	768.25	779.90	725.00	0.897 times
28 Wed Aug 2024	771.50	791.80	803.05	765.95	0.641 times
27 Tue Aug 2024	786.90	776.50	820.00	771.55	1.451 times

Stock of Balu Forge (BALUFORGE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 797.9, but if it comes below 797.9, then a intra day sell could be more profitable.
If you take a sell trade below 797.9, then use 797.9 as stoploss and 701.41 as target. However if you take a buy trade in stock , then use 797.9 as stoploss and 913.6 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	599.00
Downside Target	725.00
Downside Target	750.00
Downside Target	770.00
Downside Target	798.80
Downside Target	849.70
Upside Target	866.35

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	794.12
Downside Intraday Target	733.88
Upside Intraday Target	890.47
Upside Intraday Target	926.58
Downside Intraday Target	830.23

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	854.35	771.20	866.35	770.00	1.085 times
06 Fri Sep 2024	770.25	754.40	798.80	750.00	0.35 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

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
09 Mon Sep 2024	854.35	754.40	866.35	750.00	0.18 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 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 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 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 798.01 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.