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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 2024-09-23 View latest technical analysis

10 day averaged volume of Balu Forge is 963420

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	800.25	739.80	817.00	731.75	2.029 times
20 Fri Sep 2024	729.95	743.70	746.80	723.50	0.438 times
19 Thu Sep 2024	741.50	746.70	760.00	721.10	0.67 times
18 Wed Sep 2024	740.95	739.85	788.70	732.80	1.031 times
17 Tue Sep 2024	740.55	768.90	778.00	732.65	0.602 times
16 Mon Sep 2024	764.05	800.95	801.00	759.95	1.046 times
13 Fri Sep 2024	802.30	792.80	823.00	772.70	0.947 times
12 Thu Sep 2024	789.50	827.70	831.55	782.95	0.842 times
11 Wed Sep 2024	819.70	839.75	851.45	815.10	0.617 times
10 Tue Sep 2024	839.75	860.00	866.50	830.00	0.775 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 810.4 as stoploss in an intra day sell trade for a target of 777.7. However, stock will show a bullish move above 810.4.

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	534.00
Downside Target	721.10
Downside Target	750.00
Downside Target	770.00
Downside Target	798.80
Upside Target	817.00
Upside Target	849.70
Upside Target	866.50

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	749
Downside Intraday Target	697.75
Upside Intraday Target	834.25
Upside Intraday Target	868.25
Downside Intraday Target	783

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	800.25	739.80	817.00	731.75	0.536 times
20 Fri Sep 2024	729.95	800.95	801.00	721.10	0.61 times
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

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
23 Mon Sep 2024	800.25	754.40	866.50	721.10	0.458 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Balu Forge is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 781.4 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 falling down

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 has given negative 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.