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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 2025-02-04 View latest technical analysis

10 day averaged volume of Balu Forge is 669312

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	613.45	606.00	616.90	600.00	0.765 times
03 Mon Feb 2025	594.45	609.00	623.75	591.00	0.746 times
31 Fri Jan 2025	607.90	568.00	617.60	564.80	1.276 times
30 Thu Jan 2025	562.35	602.65	602.65	557.35	1.191 times
29 Wed Jan 2025	596.55	540.00	610.00	538.40	1.598 times
28 Tue Jan 2025	538.40	592.00	610.00	512.85	1.392 times
27 Mon Jan 2025	584.00	625.70	625.70	554.50	1.2 times
24 Fri Jan 2025	625.65	651.00	659.45	621.80	0.582 times
23 Thu Jan 2025	649.05	653.80	678.00	647.00	0.676 times
22 Wed Jan 2025	653.80	699.50	699.50	627.45	1.053 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 593.5 as stoploss in an intra day buy trade for a target of 651.55. However, stock will show a bearish move below 593.5.

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	512.85
Downside Target	591.00
Upside Target	621.80
Upside Target	669.50
Upside Target	691.00
Upside Target	711.30
Upside Target	727.10
Upside Target	732.50
Upside Target	783.85
Upside Target	817.90
Upside Target	821.00
Upside Target	867.70
Upside Target	873.90

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	595.05
Downside Intraday Target	576.65
Upside Intraday Target	627.8
Upside Intraday Target	642.15
Downside Intraday Target	609.4

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	613.45	609.00	623.75	591.00	0.227 times
31 Fri Jan 2025	607.90	625.70	625.70	512.85	2.267 times
24 Fri Jan 2025	625.65	709.60	716.00	621.80	1.009 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

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
04 Tue Feb 2025	613.45	609.00	623.75	591.00	0.096 times
31 Fri Jan 2025	607.90	791.00	817.90	512.85	0.771 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

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 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 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.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 negative zone. This is the SELL 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 596.72 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 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.