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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 2024-10-21 View latest technical analysis

10 day averaged volume of Balu Forge is 622073

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	824.80	844.00	873.90	809.95	1.54 times
18 Fri Oct 2024	844.50	798.10	859.00	781.00	2.857 times
17 Thu Oct 2024	800.70	801.00	820.00	791.50	0.876 times
16 Wed Oct 2024	799.65	782.45	815.00	782.15	0.974 times
15 Tue Oct 2024	784.75	789.70	810.60	781.85	0.595 times
14 Mon Oct 2024	784.15	767.00	793.95	766.00	0.774 times
11 Fri Oct 2024	765.35	747.75	786.00	741.70	0.664 times
10 Thu Oct 2024	746.95	753.50	763.70	744.00	0.347 times
09 Wed Oct 2024	748.30	753.25	779.95	743.15	0.797 times
08 Tue Oct 2024	747.85	702.05	757.85	701.05	0.733 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 815.3, but if it comes below 815.3, then a intra day sell could be more profitable.
If you take a sell trade below 815.3, then use 815.3 as stoploss and 784.47 as target. However if you take a buy trade in stock , then use 815.3 as stoploss and 852.4 as target.

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
Downside Target	786.00
Downside Target	809.95
Upside Target	849.70
Upside Target	873.90
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	798.53
Downside Intraday Target	772.27
Upside Intraday Target	862.48
Upside Intraday Target	900.17
Upside Intraday Target	836.22

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	824.80	844.00	873.90	809.95	0.253 times
18 Fri Oct 2024	844.50	767.00	859.00	766.00	1.549 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

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
21 Mon Oct 2024	824.80	781.95	873.90	686.85	0.404 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 to mid 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 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 BUY signal for Balu Forge in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

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

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

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 802.31 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.