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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 2024-12-27 View latest technical analysis

10 day averaged volume of Balu Forge is 592510

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	742.45	759.70	763.90	740.25	0.457 times
26 Thu Dec 2024	757.80	763.00	763.75	743.10	0.405 times
24 Tue Dec 2024	763.25	786.00	788.95	760.15	0.596 times
23 Mon Dec 2024	787.40	775.00	798.70	761.00	0.644 times
20 Fri Dec 2024	771.95	804.70	814.85	755.00	0.621 times
19 Thu Dec 2024	803.10	797.05	817.95	790.00	0.804 times
18 Wed Dec 2024	819.85	832.70	867.70	811.95	2.67 times
17 Tue Dec 2024	831.35	820.00	840.00	809.00	1.552 times
16 Mon Dec 2024	821.00	797.00	825.00	780.10	1.059 times
13 Fri Dec 2024	799.25	811.70	813.50	783.50	0.844 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 754, but if it comes above 754, then a intra day buy could be more profitable.
If you take a sell trade below 754, then use 754 as stoploss and 714.4 as target. However if you take a buy trade in stock , then use 754 as stoploss and 786.94 as target.

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	460.00
Downside Target	669.50
Downside Target	711.30
Upside Target	783.50
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	722.23
Downside Intraday Target	702.02
Upside Intraday Target	780.68
Upside Intraday Target	818.92
Upside Intraday Target	760.47

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	742.45	775.00	798.70	740.25	0.313 times
20 Fri Dec 2024	771.95	797.00	867.70	755.00	0.978 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

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
27 Fri Dec 2024	742.45	744.25	867.70	732.50	1.573 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 down this month, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Balu Forge ( (BALUFORGE) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Balu Forge stock for short term is SELL. Signal strength is Weak and stock is gaining 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Balu Forge in short term and SELL 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 803.62 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.