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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 2024-11-01 View latest technical analysis

10 day averaged volume of Balu Forge is 778271

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	759.25	756.50	772.80	755.75	0.154 times
31 Thu Oct 2024	750.30	742.00	774.00	740.05	0.504 times
30 Wed Oct 2024	744.15	732.90	754.10	726.25	0.361 times
29 Tue Oct 2024	732.25	738.00	749.20	715.60	0.351 times
28 Mon Oct 2024	734.85	703.90	760.00	697.40	0.799 times
25 Fri Oct 2024	695.60	742.00	742.90	669.50	1.012 times
24 Thu Oct 2024	741.10	766.80	782.45	734.15	0.552 times
23 Wed Oct 2024	765.25	763.00	788.70	759.00	0.717 times
22 Tue Oct 2024	763.15	865.00	870.00	751.05	2.19 times
21 Mon Oct 2024	824.80	844.00	873.90	809.95	1.231 times

My analysis of stock is bearish for shortterm, and stock might move down till 726.6 or till 684. Use a stoploss of 762.04 and if the stock hits stoploss, then it can shoot up till 797.51

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	322.35
Downside Target	460.00
Downside Target	534.00
Downside Target	669.50
Downside Target	686.85
Downside Target	721.10
Downside 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	713.1
Downside Intraday Target	666.95
Upside Intraday Target	789.7
Upside Intraday Target	820.15
Downside Intraday Target	743.55

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	759.25	703.90	774.00	697.40	0.38 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
01 Fri Nov 2024	759.25	756.50	772.80	755.75	0.009 times
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

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 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 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 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 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 and BUY signal is strong.

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 756.73 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 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.