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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 2024-07-08 View latest technical analysis

10 day averaged volume of Bharat Forge is 1348140

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	1674.10	1682.95	1693.25	1646.25	1.111 times
05 Fri Jul 2024	1672.25	1678.00	1686.00	1660.50	0.901 times
04 Thu Jul 2024	1670.30	1650.00	1680.40	1627.25	1.121 times
03 Wed Jul 2024	1657.60	1669.95	1669.95	1639.05	0.767 times
02 Tue Jul 2024	1645.50	1668.75	1681.25	1641.05	1.03 times
01 Mon Jul 2024	1665.95	1673.10	1696.80	1662.75	0.845 times
28 Fri Jun 2024	1670.35	1685.00	1692.85	1666.45	0.821 times
27 Thu Jun 2024	1680.55	1681.00	1696.45	1674.65	1.039 times
26 Wed Jun 2024	1679.50	1719.10	1726.80	1674.00	1.53 times
25 Tue Jun 2024	1719.45	1752.80	1764.75	1715.40	0.84 times

My analysis of stock is bearish for shortterm, and stock might move down till 1630.8 or till 1572.3. Use a stoploss of 1679.58 and if the stock hits stoploss, then it can shoot up till 1728.35

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	1693.25
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	1649.15
Downside Intraday Target	1624.2
Upside Intraday Target	1696.15
Upside Intraday Target	1718.2
Downside Intraday Target	1671.2

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	1674.10	1682.95	1693.25	1646.25	0.238 times
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

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
08 Mon Jul 2024	1674.10	1673.10	1696.80	1627.25	0.225 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 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 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 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 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 SELL. 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 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 SELL signal for Bharat Forge in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 1673.61 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 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.