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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 2024-10-07 View latest technical analysis

10 day averaged volume of Balu Forge is 1069616

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	707.90	772.20	780.45	686.85	0.804 times
04 Fri Oct 2024	766.35	772.75	794.30	751.15	0.377 times
03 Thu Oct 2024	771.60	789.00	789.70	761.00	0.427 times
01 Tue Oct 2024	793.60	781.95	814.20	781.65	0.502 times
30 Mon Sep 2024	779.15	787.55	799.90	765.00	0.434 times
27 Fri Sep 2024	790.25	813.00	813.00	787.00	0.42 times
26 Thu Sep 2024	812.80	816.40	824.40	786.00	0.647 times
25 Wed Sep 2024	813.55	816.70	863.10	808.00	1.317 times
24 Tue Sep 2024	806.95	815.20	886.95	800.05	3.654 times
23 Mon Sep 2024	800.25	739.80	817.00	731.75	1.827 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 701.7, for a target of 746.2 or 783.25

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	686.85
Upside Target	721.10
Upside Target	751.15
Upside Target	770.00
Upside Target	801.00
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	669.68
Downside Intraday Target	631.47
Upside Intraday Target	763.28
Upside Intraday Target	818.67
Upside Intraday Target	725.07

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	707.90	772.20	780.45	686.85	0.462 times
04 Fri Oct 2024	766.35	787.55	814.20	751.15	0.221 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

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
07 Mon Oct 2024	707.90	781.95	814.20	686.85	0.106 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Balu Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 793.93 and Balu Forge (BALUFORGE) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.