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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 2024-07-05 View latest technical analysis

10 day averaged volume of Bharat Forge is 1319248

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	1672.25	1678.00	1686.00	1660.50	0.92 times
04 Thu Jul 2024	1670.30	1650.00	1680.40	1627.25	1.146 times
03 Wed Jul 2024	1657.60	1669.95	1669.95	1639.05	0.784 times
02 Tue Jul 2024	1645.50	1668.75	1681.25	1641.05	1.053 times
01 Mon Jul 2024	1665.95	1673.10	1696.80	1662.75	0.863 times
28 Fri Jun 2024	1670.35	1685.00	1692.85	1666.45	0.839 times
27 Thu Jun 2024	1680.55	1681.00	1696.45	1674.65	1.062 times
26 Wed Jun 2024	1679.50	1719.10	1726.80	1674.00	1.564 times
25 Tue Jun 2024	1719.45	1752.80	1764.75	1715.40	0.859 times
24 Mon Jun 2024	1743.10	1749.00	1776.30	1734.00	1.129 times

My analysis of stock is bearish for shortterm, and stock might move down till 1621.9 or till 1558.2. Use a stoploss of 1675.04 and if the stock hits stoploss, then it can shoot up till 1728.15

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1088.00
Downside Target	1209.15
Downside Target	1326.00
Downside Target	1406.25
Downside Target	1557.35
Downside Target	1600.00
Upside Target	1688.00
Upside Target	1696.80
Upside Target	1739.45
Upside Target	1776.30
Upside Target	1804.50

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1634.07
Downside Intraday Target	1595.88
Upside Intraday Target	1703.62
Upside Intraday Target	1734.98
Downside Intraday Target	1665.43

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	1672.25	1673.10	1696.80	1627.25	0.874 times
28 Fri Jun 2024	1670.35	1749.00	1776.30	1666.45	0.771 times
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

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
05 Fri Jul 2024	1672.25	1673.10	1696.80	1627.25	0.182 times
28 Fri Jun 2024	1670.35	1649.95	1804.50	1406.25	0.763 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 losing momentum.

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

Bharat Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1681.23 and Bharat Forge (BHARATFORG) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.