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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 2024-06-06 View latest technical analysis

10 day averaged volume of Bharat Forge is 1948369

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	1557.05	1515.00	1578.85	1497.10	0.54 times
05 Wed Jun 2024	1501.40	1490.00	1514.95	1406.25	1.433 times
04 Tue Jun 2024	1446.25	1608.25	1614.00	1412.85	1.707 times
03 Mon Jun 2024	1608.25	1649.95	1649.95	1588.90	0.961 times
31 Fri May 2024	1554.55	1569.00	1586.95	1548.10	1.226 times
30 Thu May 2024	1554.35	1560.10	1579.70	1548.85	0.472 times
29 Wed May 2024	1568.65	1555.00	1573.00	1545.10	0.38 times
28 Tue May 2024	1565.25	1579.00	1600.00	1559.65	0.518 times
27 Mon May 2024	1572.00	1589.90	1591.00	1533.10	1.486 times
24 Fri May 2024	1573.50	1493.25	1587.00	1480.50	1.612 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 1564.7 as stoploss in an intra day sell trade for a target of 1507.22. However, stock will show a bullish move above 1564.7.

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1063.00
Downside Target	1088.00
Downside Target	1209.15
Downside Target	1326.00
Downside Target	1368.90
Downside Target	1406.25
Downside Target	1460.00
Downside Target	1533.10
Upside Target	1587.00
Upside Target	1600.00
Upside Target	1649.95

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1425.55
Downside Intraday Target	1294.05
Upside Intraday Target	1669.25
Upside Intraday Target	1781.45
Downside Intraday Target	1537.75

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	1557.05	1649.95	1649.95	1406.25	1.137 times
31 Fri May 2024	1554.55	1589.90	1600.00	1533.10	1.451 times
24 Fri May 2024	1573.50	1490.05	1587.00	1460.00	1.077 times
18 Sat May 2024	1490.05	1390.45	1495.75	1368.90	0.198 times
10 Fri May 2024	1397.70	1261.90	1474.40	1209.15	8.615 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
06 Thu Jun 2024	1557.05	1649.95	1649.95	1406.25	0.199 times
31 Fri May 2024	1554.55	1271.50	1600.00	1209.15	1.557 times
30 Tue Apr 2024	1271.20	1132.20	1326.00	1105.30	1.27 times
28 Thu Mar 2024	1129.60	1150.05	1211.00	1088.00	0.65 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 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 Bharat Forge ( (BHARATFORG) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Bharat Forge ( (BHARATFORG) ) based on a mid to longer 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.

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 SELL signal for Bharat Forge in short term but the sell signal is initial and weak.

Bharat 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 green color and prices are above the green cloud Prices appear to be moving up

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

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 1540.93 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.