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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 2024-10-08 View latest technical analysis

10 day averaged volume of Balu Forge is 1113344

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	747.85	702.05	757.85	701.05	0.41 times
07 Mon Oct 2024	707.90	772.20	780.45	686.85	0.772 times
04 Fri Oct 2024	766.35	772.75	794.30	751.15	0.362 times
03 Thu Oct 2024	771.60	789.00	789.70	761.00	0.41 times
01 Tue Oct 2024	793.60	781.95	814.20	781.65	0.483 times
30 Mon Sep 2024	779.15	787.55	799.90	765.00	0.417 times
27 Fri Sep 2024	790.25	813.00	813.00	787.00	0.404 times
26 Thu Sep 2024	812.80	816.40	824.40	786.00	0.622 times
25 Wed Sep 2024	813.55	816.70	863.10	808.00	1.265 times
24 Tue Sep 2024	806.95	815.20	886.95	800.05	3.51 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 744 as stoploss in an intra day buy trade for a target of 777.93. However, stock will show a bearish move below 744.

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
Downside 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	696.32
Downside Intraday Target	644.78
Upside Intraday Target	789.92
Upside Intraday Target	831.98
Downside Intraday Target	738.38

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	747.85	772.20	780.45	686.85	0.707 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
08 Tue Oct 2024	747.85	781.95	814.20	686.85	0.128 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Balu Forge in short term but BUY signal is weak.

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 790.46 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.