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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 2024-12-17 View latest technical analysis

10 day averaged volume of Balu Forge is 785845

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	831.35	820.00	840.00	809.00	1.17 times
16 Mon Dec 2024	821.00	797.00	825.00	780.10	0.799 times
13 Fri Dec 2024	799.25	811.70	813.50	783.50	0.637 times
12 Thu Dec 2024	810.90	832.00	832.70	802.05	0.606 times
11 Wed Dec 2024	827.30	842.60	852.85	821.75	0.97 times
10 Tue Dec 2024	835.95	808.80	842.30	797.05	2.182 times
09 Mon Dec 2024	802.60	812.00	824.00	788.10	0.777 times
06 Fri Dec 2024	806.75	805.00	828.00	802.30	1.602 times
05 Thu Dec 2024	790.85	742.70	797.90	742.00	1.608 times
04 Wed Dec 2024	741.20	746.00	754.00	735.80	0.416 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 812.1, but if it comes below 812.1, then a intra day sell could be more profitable.
If you take a sell trade below 812.1, then use 812.1 as stoploss and 773.91 as target. However if you take a buy trade in stock , then use 812.1 as stoploss and 857.9 as target.

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	821.00
Downside Target	828.00
Upside Target	840.00
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	794.3
Downside Intraday Target	757.25
Upside Intraday Target	854.2
Upside Intraday Target	877.05
Downside Intraday Target	817.15

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	831.35	797.00	840.00	780.10	0.381 times
13 Fri Dec 2024	799.25	812.00	852.85	783.50	1.17 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

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
17 Tue Dec 2024	831.35	744.25	852.85	732.50	1.12 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying is losing 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 812.83 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.