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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 2024-06-07 View latest technical analysis

10 day averaged volume of Bharat Forge is 2013665

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	1583.20	1549.75	1589.90	1538.70	0.387 times
06 Thu Jun 2024	1557.05	1515.00	1578.85	1497.10	0.523 times
05 Wed Jun 2024	1501.40	1490.00	1514.95	1406.25	1.386 times
04 Tue Jun 2024	1446.25	1608.25	1614.00	1412.85	1.651 times
03 Mon Jun 2024	1608.25	1649.95	1649.95	1588.90	0.93 times
31 Fri May 2024	1554.55	1569.00	1586.95	1548.10	1.186 times
30 Thu May 2024	1554.35	1560.10	1579.70	1548.85	0.457 times
29 Wed May 2024	1568.65	1555.00	1573.00	1545.10	0.368 times
28 Tue May 2024	1565.25	1579.00	1600.00	1559.65	0.501 times
27 Mon May 2024	1572.00	1589.90	1591.00	1533.10	1.438 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1570.4, but if it comes below 1570.4, then a intra day sell could be more profitable.
If you take a sell trade below 1570.4, then use 1570.4 as stoploss and 1516.5 as target. However if you take a buy trade in stock , then use 1570.4 as stoploss and 1635.1 as target.

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	1442.98
Downside Intraday Target	1302.77
Upside Intraday Target	1686.68
Upside Intraday Target	1790.17
Downside Intraday Target	1546.47

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	1583.20	1649.95	1649.95	1406.25	1.235 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
07 Fri Jun 2024	1583.20	1649.95	1649.95	1406.25	0.217 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 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 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 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 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.

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

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. Bulls 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 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

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 1537.03 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 falling down

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.