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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 2024-10-31 View latest technical analysis

10 day averaged volume of Balu Forge is 793587

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	750.30	742.00	774.00	740.05	0.494 times
30 Wed Oct 2024	744.15	732.90	754.10	726.25	0.354 times
29 Tue Oct 2024	732.25	738.00	749.20	715.60	0.344 times
28 Mon Oct 2024	734.85	703.90	760.00	697.40	0.783 times
25 Fri Oct 2024	695.60	742.00	742.90	669.50	0.993 times
24 Thu Oct 2024	741.10	766.80	782.45	734.15	0.542 times
23 Wed Oct 2024	765.25	763.00	788.70	759.00	0.704 times
22 Tue Oct 2024	763.15	865.00	870.00	751.05	2.147 times
21 Mon Oct 2024	824.80	844.00	873.90	809.95	1.207 times
18 Fri Oct 2024	844.50	798.10	859.00	781.00	2.24 times

My analysis of stock is bearish for shortterm, and stock might move down till 726.9 or till 684.3. Use a stoploss of 762.4 and if the stock hits stoploss, then it can shoot up till 797.88

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	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	707.13
Downside Intraday Target	663.97
Upside Intraday Target	783.73
Upside Intraday Target	817.17
Downside Intraday Target	740.57

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	750.30	703.90	774.00	697.40	0.353 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
31 Thu Oct 2024	750.30	781.95	873.90	669.50	0.642 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 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 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 in or above 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

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 776.74 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.