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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 2024-10-03 View latest technical analysis

10 day averaged volume of Balu Forge is 1147562

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	771.60	789.00	789.70	761.00	0.398 times
01 Tue Oct 2024	793.60	781.95	814.20	781.65	0.468 times
30 Mon Sep 2024	779.15	787.55	799.90	765.00	0.405 times
27 Fri Sep 2024	790.25	813.00	813.00	787.00	0.392 times
26 Thu Sep 2024	812.80	816.40	824.40	786.00	0.603 times
25 Wed Sep 2024	813.55	816.70	863.10	808.00	1.228 times
24 Tue Sep 2024	806.95	815.20	886.95	800.05	3.406 times
23 Mon Sep 2024	800.25	739.80	817.00	731.75	1.703 times
20 Fri Sep 2024	729.95	743.70	746.80	723.50	0.368 times
19 Thu Sep 2024	741.50	746.70	760.00	721.10	0.563 times

My analysis of stock is bearish for shortterm, and stock might move down till 754.7 or till 715.5. Use a stoploss of 787.36 and if the stock hits stoploss, then it can shoot up till 820.02

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	222.85
Downside Target	322.35
Downside Target	351.80
Downside Target	460.00
Downside Target	534.00
Downside Target	721.10
Downside Target	750.00
Upside Target	798.80
Upside Target	814.20
Upside Target	849.70
Upside Target	866.50
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	750.33
Downside Intraday Target	729.07
Upside Intraday Target	803.53
Upside Intraday Target	835.47
Upside Intraday Target	782.27

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	771.60	787.55	814.20	761.00	0.173 times
27 Fri Sep 2024	790.25	739.80	886.95	731.75	2.305 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

Price has moved down 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
03 Thu Oct 2024	771.60	781.95	814.20	761.00	0.047 times
30 Mon Sep 2024	779.15	754.40	886.95	721.10	0.68 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

Scroll below to view daily charts

Price has moved down 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 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 to mid 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 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 Weak 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Balu Forge in short term and SELL signal is strong!

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 796.14 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.