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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 2024-09-13 View latest technical analysis

10 day averaged volume of Balu Forge is 819891

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	802.30	792.80	823.00	772.70	1.112 times
12 Thu Sep 2024	789.50	827.70	831.55	782.95	0.989 times
11 Wed Sep 2024	819.70	839.75	851.45	815.10	0.725 times
10 Tue Sep 2024	839.75	860.00	866.50	830.00	0.911 times
09 Mon Sep 2024	854.35	771.20	866.35	770.00	3.562 times
06 Fri Sep 2024	770.25	790.00	796.75	764.00	0.413 times
05 Thu Sep 2024	786.15	775.15	796.80	775.00	0.606 times
04 Wed Sep 2024	768.70	766.90	784.40	750.00	0.63 times
03 Tue Sep 2024	778.60	776.00	782.00	756.10	0.687 times
02 Mon Sep 2024	772.15	754.40	798.80	754.00	0.947 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 826.9 as stoploss in an intra day sell trade for a target of 750.52. However, stock will show a bullish move above 826.9.

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
Upside Target	849.70
Upside Target	866.50

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	759.37
Downside Intraday Target	716.43
Upside Intraday Target	855.87
Upside Intraday Target	909.43
Upside Intraday Target	812.93

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	802.30	771.20	866.50	770.00	2.223 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Balu Forge (BALUFORGE)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	802.30	754.40	866.50	750.00	0.278 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 neutral. A longer time frame might give a better analysis.

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 SELL signal for Balu Forge in short term but the sell signal is initial and weak.

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 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 814.62 and Balu Forge (BALUFORGE) stock is trading below this level. This means that stock is falling with high volumes. 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.