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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 2024-11-18 View latest technical analysis

10 day averaged volume of Balu Forge is 418115

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	747.90	752.00	769.00	738.30	0.804 times
14 Thu Nov 2024	750.00	718.95	755.00	717.95	1.208 times
13 Wed Nov 2024	716.00	752.00	757.60	711.30	0.978 times
12 Tue Nov 2024	756.50	774.40	787.00	749.00	0.799 times
11 Mon Nov 2024	769.10	789.05	789.05	765.00	0.678 times
08 Fri Nov 2024	793.50	810.00	815.45	763.30	1.133 times
07 Thu Nov 2024	805.20	787.00	821.00	787.00	1.86 times
06 Wed Nov 2024	783.00	732.95	787.00	731.10	1.831 times
05 Tue Nov 2024	730.15	733.00	740.70	718.90	0.505 times
04 Mon Nov 2024	732.85	757.80	757.80	723.10	0.72 times

My analysis of stock is bearish for shortterm, and stock might move down till 725.1 or till 689.6. Use a stoploss of 754.75 and if the stock hits stoploss, then it can shoot up till 784.36

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	738.30
Upside Target	769.00
Upside Target	821.00
Upside Target	849.70
Upside Target	873.90
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	734.47
Downside Intraday Target	721.03
Upside Intraday Target	765.17
Upside Intraday Target	782.43
Upside Intraday Target	751.73

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	747.90	752.00	769.00	738.30	0.219 times
14 Thu Nov 2024	750.00	789.05	789.05	711.30	0.606 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

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
18 Mon Nov 2024	747.90	756.50	821.00	711.30	0.332 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 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 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 mid to longer 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.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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

RSI is generating a BUY signal in short term and the buying is gaining 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 766.47 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.