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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 2025-01-22 View latest technical analysis

10 day averaged volume of Balu Forge is 326674

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	653.80	699.50	699.50	627.45	2.156 times
21 Tue Jan 2025	696.15	711.20	715.00	692.50	0.587 times
20 Mon Jan 2025	703.75	709.60	716.00	690.90	0.698 times
17 Fri Jan 2025	705.95	699.80	725.00	695.00	0.725 times
16 Thu Jan 2025	704.10	682.00	727.10	682.00	0.957 times
15 Wed Jan 2025	675.80	697.00	703.45	659.00	0.941 times
14 Tue Jan 2025	692.25	647.50	701.00	636.30	1.179 times
13 Mon Jan 2025	641.25	685.20	713.60	631.60	2.162 times
10 Fri Jan 2025	702.00	743.05	753.30	691.00	1.891 times
09 Thu Jan 2025	743.05	741.25	752.00	734.60	0.393 times

Stock of Balu Forge (BALUFORGE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 684.6, but if it comes above 684.6, then a intra day buy could be more profitable.
If you take a sell trade below 684.6, then use 684.6 as stoploss and 630.5 as target. However if you take a buy trade in stock , then use 684.6 as stoploss and 729.78 as target.

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	627.45
Upside Target	669.50
Upside Target	691.00
Upside Target	711.30
Upside Target	783.85
Upside Target	798.70
Upside Target	817.90
Upside Target	821.00
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	615.5
Downside Intraday Target	577.2
Upside Intraday Target	704.05
Upside Intraday Target	754.3
Upside Intraday Target	665.75

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	653.80	709.60	716.00	627.45	0.577 times
17 Fri Jan 2025	705.95	685.20	727.10	631.60	1.343 times
10 Fri Jan 2025	702.00	783.75	783.85	691.00	0.879 times
03 Fri Jan 2025	778.50	742.45	817.90	738.10	1.325 times
27 Fri Dec 2024	742.45	775.00	798.70	740.25	0.313 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
22 Wed Jan 2025	653.80	791.00	817.90	627.45	0.384 times
31 Tue Dec 2024	791.20	744.25	867.70	732.50	1.686 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Balu Forge ( (BALUFORGE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Balu Forge ( (BALUFORGE) ) based on a short to mid 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Balu Forge in short term and the sell signal is strong.

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. 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 SELL signal for Balu Forge in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 680.38 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.