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(BHARATFORG) Bharat Forge complete technical analysis [charts+indicators] | Buy/Sell Bharat Forge | (BHARATFORG) share price targets

Complete technical analysis of Bharat Forge (BHARATFORG) by charts plus indicators, forecast predictions and share price targets for Bharat Forge (BHARATFORG)

Bharat Forge trades in NSE in Other Industrial Products sector.

Showing technical analysis as on 2024-04-09 View latest technical analysis

10 day averaged volume of Bharat Forge is 1483707

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1148.70	1183.25	1183.45	1140.05	0.752 times
08 Mon Apr 2024	1173.90	1152.95	1180.00	1136.00	1.7 times
05 Fri Apr 2024	1145.65	1149.95	1154.90	1136.00	0.565 times
04 Thu Apr 2024	1151.35	1152.50	1172.50	1139.25	1.933 times
03 Wed Apr 2024	1141.75	1125.00	1144.10	1105.30	1.069 times
02 Tue Apr 2024	1155.35	1159.90	1159.90	1135.15	0.481 times
01 Mon Apr 2024	1148.60	1132.20	1153.40	1121.00	0.841 times
28 Thu Mar 2024	1129.60	1114.95	1135.20	1103.50	0.938 times
27 Wed Mar 2024	1111.20	1132.40	1143.05	1107.25	1.221 times
26 Tue Mar 2024	1130.15	1131.90	1140.95	1127.00	0.491 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1154.3 as stoploss in an intra day sell trade for a target of 1133.11. However, stock will show a bullish move above 1154.3.

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1063.00
Downside Target	1088.00
Upside Target	1172.50
Upside Target	1180.00
Upside Target	1183.45
Upside Target	1190.60
Upside Target	1211.00
Upside Target	1249.90
Upside Target	1299.00
Upside Target	1330.00

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1128.65
Downside Intraday Target	1108.6
Upside Intraday Target	1176.1
Upside Intraday Target	1203.5
Upside Intraday Target	1156.05

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1148.70	1152.95	1183.45	1136.00	0.502 times
05 Fri Apr 2024	1145.65	1132.20	1172.50	1105.30	1.845 times
28 Thu Mar 2024	1129.60	1131.90	1143.05	1103.50	0.595 times
22 Fri Mar 2024	1128.95	1119.00	1133.60	1088.00	0.905 times
15 Fri Mar 2024	1119.50	1170.05	1190.60	1096.70	1.702 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 Bharat Forge (BHARATFORG)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1148.70	1132.20	1183.45	1105.30	0.475 times
28 Thu Mar 2024	1129.60	1150.05	1211.00	1088.00	0.65 times
29 Thu Feb 2024	1151.00	1242.00	1330.00	1063.00	2.105 times
31 Wed Jan 2024	1235.25	1242.00	1299.00	1180.00	0.871 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 Bharat Forge (BHARATFORG)

Price action analysis of Bharat Forge ( (BHARATFORG) ) 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 Bharat Forge ( (BHARATFORG) ) 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 Bharat Forge ( (BHARATFORG) ) 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 Bharat Forge ( (BHARATFORG) ) 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 Bharat Forge stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Bharat Forge in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bharat Forge Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Bharat Forge in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 Bharat 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 1145.61 and Bharat Forge (BHARATFORG) 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 Bharat Forge (BHARATFORG) stock. Volume based technical analysis of Bharat Forge (BHARATFORG) stock is negative.

Bharat 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.