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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 2024-10-15 View latest technical analysis

10 day averaged volume of Balu Forge is 478287

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	784.75	789.70	810.60	781.85	0.774 times
14 Mon Oct 2024	784.15	767.00	793.95	766.00	1.006 times
11 Fri Oct 2024	765.35	747.75	786.00	741.70	0.864 times
10 Thu Oct 2024	746.95	753.50	763.70	744.00	0.451 times
09 Wed Oct 2024	748.30	753.25	779.95	743.15	1.037 times
08 Tue Oct 2024	747.85	702.05	757.85	701.05	0.954 times
07 Mon Oct 2024	707.90	772.20	780.45	686.85	1.797 times
04 Fri Oct 2024	766.35	772.75	794.30	751.15	0.843 times
03 Thu Oct 2024	771.60	789.00	789.70	761.00	0.954 times
01 Tue Oct 2024	793.60	781.95	814.20	781.65	1.124 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 797.8 as stoploss in an intra day sell trade for a target of 768.64. However, stock will show a bullish move above 797.8.

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
Downside Target	751.15
Upside Target	786.00
Upside Target	814.20
Upside Target	849.70
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	763.63
Downside Intraday Target	742.52
Upside Intraday Target	808.23
Upside Intraday Target	831.72
Upside Intraday Target	787.12

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	784.75	767.00	810.60	766.00	0.349 times
11 Fri Oct 2024	765.35	772.20	786.00	686.85	1.311 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

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
15 Tue Oct 2024	784.75	781.95	814.20	686.85	0.221 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 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 757.86 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 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.