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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 2024-12-18 View latest technical analysis

10 day averaged volume of Balu Forge is 846109

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	819.85	832.70	867.70	811.95	1.869 times
17 Tue Dec 2024	831.35	820.00	840.00	809.00	1.087 times
16 Mon Dec 2024	821.00	797.00	825.00	780.10	0.742 times
13 Fri Dec 2024	799.25	811.70	813.50	783.50	0.591 times
12 Thu Dec 2024	810.90	832.00	832.70	802.05	0.563 times
11 Wed Dec 2024	827.30	842.60	852.85	821.75	0.901 times
10 Tue Dec 2024	835.95	808.80	842.30	797.05	2.026 times
09 Mon Dec 2024	802.60	812.00	824.00	788.10	0.721 times
06 Fri Dec 2024	806.75	805.00	828.00	802.30	1.488 times
05 Thu Dec 2024	790.85	742.70	797.90	742.00	1.494 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 816.4, but if it comes below 816.4, then a intra day sell could be more profitable.
If you take a sell trade below 816.4, then use 816.4 as stoploss and 777.48 as target. However if you take a buy trade in stock , then use 816.4 as stoploss and 863.2 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
Upside Target	821.00
Upside Target	828.00
Upside Target	849.70
Upside Target	852.85
Upside Target	867.70
Upside Target	873.90
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	777.4
Downside Intraday Target	734.95
Upside Intraday Target	865
Upside Intraday Target	910.15
Upside Intraday Target	822.55

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	819.85	797.00	867.70	780.10	0.77 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
18 Wed Dec 2024	819.85	744.25	867.70	732.50	1.315 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 816.39 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.