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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 2024-10-28 View latest technical analysis

10 day averaged volume of Balu Forge is 821839

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	734.85	703.90	760.00	697.40	0.756 times
25 Fri Oct 2024	695.60	742.00	742.90	669.50	0.959 times
24 Thu Oct 2024	741.10	766.80	782.45	734.15	0.523 times
23 Wed Oct 2024	765.25	763.00	788.70	759.00	0.679 times
22 Tue Oct 2024	763.15	865.00	870.00	751.05	2.074 times
21 Mon Oct 2024	824.80	844.00	873.90	809.95	1.166 times
18 Fri Oct 2024	844.50	798.10	859.00	781.00	2.163 times
17 Thu Oct 2024	800.70	801.00	820.00	791.50	0.663 times
16 Wed Oct 2024	799.65	782.45	815.00	782.15	0.737 times
15 Tue Oct 2024	784.75	789.70	810.60	781.85	0.451 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 733.3 as stoploss in an intra day buy trade for a target of 768.28. However, stock will show a bearish move below 733.3.

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	669.50
Downside Target	686.85
Downside Target	721.10
Upside Target	751.15
Upside Target	786.00
Upside Target	814.20
Upside Target	849.70
Upside Target	859.00
Upside Target	873.90
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	701.5
Downside Intraday Target	668.15
Upside Intraday Target	764.1
Upside Intraday Target	793.35
Downside Intraday Target	730.75

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	734.85	703.90	760.00	697.40	0.14 times
25 Fri Oct 2024	695.60	844.00	873.90	669.50	1.174 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

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
28 Mon Oct 2024	734.85	781.95	873.90	669.50	0.598 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 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 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 Strong 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 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 red color and prices are below the red 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 SELL signal in short term but selling is losing 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 784.1 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.