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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 2024-10-30 View latest technical analysis

10 day averaged volume of Balu Forge is 826112

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	744.15	732.90	754.10	726.25	0.34 times
29 Tue Oct 2024	732.25	738.00	749.20	715.60	0.33 times
28 Mon Oct 2024	734.85	703.90	760.00	697.40	0.752 times
25 Fri Oct 2024	695.60	742.00	742.90	669.50	0.954 times
24 Thu Oct 2024	741.10	766.80	782.45	734.15	0.52 times
23 Wed Oct 2024	765.25	763.00	788.70	759.00	0.676 times
22 Tue Oct 2024	763.15	865.00	870.00	751.05	2.063 times
21 Mon Oct 2024	824.80	844.00	873.90	809.95	1.16 times
18 Fri Oct 2024	844.50	798.10	859.00	781.00	2.152 times
17 Thu Oct 2024	800.70	801.00	820.00	791.50	0.66 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 728 as stoploss in an intra day buy trade for a target of 763.46. However, stock will show a bearish move below 728.

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	707.7
Downside Intraday Target	671.25
Upside Intraday Target	770.3
Upside Intraday Target	796.45
Downside Intraday Target	733.85

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	744.15	703.90	760.00	697.40	0.265 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
30 Wed Oct 2024	744.15	781.95	873.90	669.50	0.624 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

Balu Forge Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and selling is picking up 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 779.69 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 positive

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