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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 2024-04-12 View latest technical analysis

10 day averaged volume of Bharat Forge is 1515483

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	1169.05	1177.30	1187.00	1163.00	0.64 times
10 Wed Apr 2024	1177.40	1153.90	1183.55	1150.00	0.7 times
09 Tue Apr 2024	1148.70	1183.25	1183.45	1140.05	0.736 times
08 Mon Apr 2024	1173.90	1152.95	1180.00	1136.00	1.664 times
05 Fri Apr 2024	1145.65	1149.95	1154.90	1136.00	0.553 times
04 Thu Apr 2024	1151.35	1152.50	1172.50	1139.25	1.892 times
03 Wed Apr 2024	1141.75	1125.00	1144.10	1105.30	1.047 times
02 Tue Apr 2024	1155.35	1159.90	1159.90	1135.15	0.471 times
01 Mon Apr 2024	1148.60	1132.20	1153.40	1121.00	0.823 times
28 Thu Mar 2024	1129.60	1114.95	1135.20	1103.50	0.918 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1158, but if it comes below 1158, then a intra day sell could be more profitable.
If you take a sell trade below 1158, then use 1158 as stoploss and 1134.65 as target. However if you take a buy trade in stock , then use 1158 as stoploss and 1186.1 as target.

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	1187.00
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	1141.03
Downside Intraday Target	1113.02
Upside Intraday Target	1192.03
Upside Intraday Target	1215.02
Downside Intraday Target	1164.02

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	1169.05	1152.95	1187.00	1136.00	0.782 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
12 Fri Apr 2024	1169.05	1132.20	1187.00	1105.30	0.564 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 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 and the buy signal is strong.

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 buy signal for Bharat 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

Stock of Bharat 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 1154.69 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.