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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 2024-11-11 View latest technical analysis

10 day averaged volume of Balu Forge is 421670

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	769.10	789.05	789.05	765.00	0.672 times
08 Fri Nov 2024	793.50	810.00	815.45	763.30	1.124 times
07 Thu Nov 2024	805.20	787.00	821.00	787.00	1.844 times
06 Wed Nov 2024	783.00	732.95	787.00	731.10	1.816 times
05 Tue Nov 2024	730.15	733.00	740.70	718.90	0.501 times
04 Mon Nov 2024	732.85	757.80	757.80	723.10	0.714 times
01 Fri Nov 2024	759.25	756.50	772.80	755.75	0.285 times
31 Thu Oct 2024	750.30	742.00	774.00	740.05	0.929 times
30 Wed Oct 2024	744.15	732.90	754.10	726.25	0.666 times
29 Tue Oct 2024	732.25	738.00	749.20	715.60	0.647 times

My analysis of stock is bullish for shortterm, and stock might move up till 803.5 or till 846.6. Use a stoploss of 767.71 and if this stock hits its stoploss, then it can fall down till 731.87

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	697.40
Downside Target	718.90
Downside Target	765.00
Upside Target	821.00
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	759.72
Downside Intraday Target	750.33
Upside Intraday Target	783.77
Upside Intraday Target	798.43
Upside Intraday Target	774.38

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	769.10	789.05	789.05	765.00	0.112 times
08 Fri Nov 2024	793.50	757.80	821.00	718.90	1.499 times
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

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
11 Mon Nov 2024	769.10	756.50	821.00	718.90	0.215 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 to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Balu Forge stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Balu Forge in short term and the buy signal is strong.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Balu Forge in short term but SELL signal is weak.

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 770.52 and Balu Forge (BALUFORGE) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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