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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 2024-12-11 View latest technical analysis

10 day averaged volume of Balu Forge is 670734

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	827.30	842.60	852.85	821.75	1.136 times
10 Tue Dec 2024	835.95	808.80	842.30	797.05	2.556 times
09 Mon Dec 2024	802.60	812.00	824.00	788.10	0.91 times
06 Fri Dec 2024	806.75	805.00	828.00	802.30	1.877 times
05 Thu Dec 2024	790.85	742.70	797.90	742.00	1.884 times
04 Wed Dec 2024	741.20	746.00	754.00	735.80	0.488 times
03 Tue Dec 2024	745.25	738.00	759.00	738.00	0.473 times
02 Mon Dec 2024	736.30	744.25	750.40	732.50	0.458 times
29 Fri Nov 2024	744.25	726.70	752.45	726.00	0.618 times
28 Thu Nov 2024	724.05	734.65	740.00	721.00	0.412 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 832.6, for a target of 792.6 or 759.3

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	460.00
Downside Target	669.50
Downside Target	711.30
Downside Target	763.85
Downside Target	788.10
Downside Target	821.00
Upside Target	828.00
Upside Target	849.70
Upside Target	852.85
Upside Target	873.90
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	792.65
Downside Intraday Target	758
Upside Intraday Target	857.4
Upside Intraday Target	887.5
Downside Intraday Target	822.75

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	827.30	812.00	852.85	788.10	0.889 times
06 Fri Dec 2024	806.75	744.25	828.00	732.50	1.455 times
29 Fri Nov 2024	744.25	748.05	763.85	721.00	1.549 times
22 Fri Nov 2024	744.30	752.00	769.00	714.00	1.006 times
14 Thu Nov 2024	750.00	789.05	789.05	711.30	0.606 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
11 Wed Dec 2024	827.30	744.25	852.85	732.50	0.809 times
29 Fri Nov 2024	744.25	756.50	821.00	711.30	0.595 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

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Balu Forge Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Balu Forge in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 797.34 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 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 positive

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