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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 2024-08-06 View latest technical analysis

10 day averaged volume of Bharat Forge is 1454680

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	1517.45	1568.00	1608.75	1510.40	1.402 times
05 Mon Aug 2024	1553.05	1579.95	1597.65	1538.10	1.805 times
02 Fri Aug 2024	1655.40	1707.00	1707.00	1648.00	0.92 times
01 Thu Aug 2024	1717.55	1740.00	1771.20	1703.65	0.78 times
31 Wed Jul 2024	1733.50	1736.15	1745.00	1722.05	0.427 times
30 Tue Jul 2024	1743.85	1740.45	1753.00	1719.20	0.597 times
29 Mon Jul 2024	1737.00	1694.95	1747.00	1691.25	1.221 times
26 Fri Jul 2024	1684.90	1604.60	1694.30	1604.60	1.894 times
25 Thu Jul 2024	1592.40	1570.00	1603.90	1558.55	0.307 times
24 Wed Jul 2024	1591.15	1598.50	1612.25	1585.00	0.752 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1509.1, for a target of 1581.3 or 1641.4

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1105.30
Downside Target	1209.15
Downside Target	1326.00
Downside Target	1406.25
Downside Target	1500.00
Upside Target	1575.00
Upside Target	1648.00
Upside Target	1693.25
Upside Target	1694.30
Upside Target	1753.00
Upside Target	1771.20
Upside Target	1804.50

Intraday share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Intraday Target	1482.32
Downside Intraday Target	1447.18
Upside Intraday Target	1580.67
Upside Intraday Target	1643.88
Upside Intraday Target	1545.53

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	1517.45	1579.95	1608.75	1510.40	0.813 times
02 Fri Aug 2024	1655.40	1694.95	1771.20	1648.00	0.741 times
26 Fri Jul 2024	1684.90	1569.95	1694.30	1500.00	1.817 times
19 Fri Jul 2024	1579.40	1628.00	1665.85	1575.00	0.853 times
12 Fri Jul 2024	1618.95	1682.95	1693.25	1603.00	0.794 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
06 Tue Aug 2024	1517.45	1740.00	1771.20	1510.40	0.269 times
31 Wed Jul 2024	1733.50	1673.10	1753.00	1500.00	0.767 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

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 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 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 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 SELL. Signal strength is Strong 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 getting stronger in this stock.

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 SELL signal in short term and selling is picking up 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 1639.99 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.