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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 2024-07-11 View latest technical analysis

10 day averaged volume of Bharat Forge is 1184422

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	1640.70	1665.65	1665.65	1632.00	0.706 times
10 Wed Jul 2024	1659.80	1678.60	1678.60	1603.00	0.79 times
09 Tue Jul 2024	1670.00	1681.00	1681.85	1662.45	0.518 times
08 Mon Jul 2024	1674.10	1682.95	1693.25	1646.25	1.265 times
05 Fri Jul 2024	1672.25	1678.00	1686.00	1660.50	1.025 times
04 Thu Jul 2024	1670.30	1650.00	1680.40	1627.25	1.276 times
03 Wed Jul 2024	1657.60	1669.95	1669.95	1639.05	0.873 times
02 Tue Jul 2024	1645.50	1668.75	1681.25	1641.05	1.173 times
01 Mon Jul 2024	1665.95	1673.10	1696.80	1662.75	0.962 times
28 Fri Jun 2024	1670.35	1685.00	1692.85	1666.45	0.935 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1648.4, but if it comes above 1648.4, then a intra day buy could be more profitable.
If you take a sell trade below 1648.4, then use 1648.4 as stoploss and 1601.6 as target. However if you take a buy trade in stock , then use 1648.4 as stoploss and 1687.36 as target.

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	1666.45
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	1598.05
Downside Intraday Target	1555.4
Upside Intraday Target	1688.3
Upside Intraday Target	1735.9
Upside Intraday Target	1645.65

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	1640.70	1682.95	1693.25	1603.00	0.618 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 down 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
11 Thu Jul 2024	1640.70	1673.10	1696.80	1603.00	0.294 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 down 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 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 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 Strong 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining 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 1663.28 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.