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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 2024-06-21 View latest technical analysis

10 day averaged volume of Bharat Forge is 1850378

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	1752.20	1804.50	1804.50	1746.50	0.5 times
20 Thu Jun 2024	1791.40	1704.00	1800.70	1697.00	1.988 times
19 Wed Jun 2024	1703.40	1720.00	1733.40	1688.00	1.778 times
18 Tue Jun 2024	1696.70	1720.00	1734.00	1691.50	0.777 times
14 Fri Jun 2024	1717.30	1639.00	1739.45	1627.00	1.65 times
13 Thu Jun 2024	1636.95	1640.00	1655.00	1623.65	0.618 times
12 Wed Jun 2024	1631.60	1605.45	1644.95	1605.05	0.538 times
11 Tue Jun 2024	1602.60	1590.00	1619.45	1584.00	0.426 times
10 Mon Jun 2024	1580.80	1593.90	1604.90	1557.35	1.235 times
07 Fri Jun 2024	1583.20	1549.75	1589.90	1538.70	0.421 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1692.9, but if it comes below 1692.9, then a intra day sell could be more profitable.
If you take a sell trade below 1692.9, then use 1692.9 as stoploss and 1609.87 as target. However if you take a buy trade in stock , then use 1692.9 as stoploss and 1792.5 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	1406.25
Downside Target	1460.00
Downside Target	1533.10
Downside Target	1600.00
Downside Target	1649.95
Downside Target	1688.00
Downside Target	1739.45
Upside Target	1804.50

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1691.97
Downside Intraday Target	1631.73
Upside Intraday Target	1808.47
Upside Intraday Target	1864.73
Downside Intraday Target	1748.23

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	1752.20	1720.00	1804.50	1688.00	1.129 times
14 Fri Jun 2024	1717.30	1593.90	1739.45	1557.35	0.842 times
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

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
21 Fri Jun 2024	1752.20	1649.95	1804.50	1406.25	0.605 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 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 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 Strong 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 green color and prices are above the green 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 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 1692.55 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.