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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 2024-08-16 View latest technical analysis

10 day averaged volume of Bharat Forge is 1731669

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	1584.50	1582.90	1601.80	1575.80	0.43 times
14 Wed Aug 2024	1567.20	1574.10	1583.95	1553.25	0.268 times
13 Tue Aug 2024	1581.05	1594.95	1605.00	1576.25	0.277 times
12 Mon Aug 2024	1593.55	1629.95	1629.95	1565.55	0.954 times
09 Fri Aug 2024	1636.55	1628.05	1654.95	1617.90	1.165 times
08 Thu Aug 2024	1605.45	1562.00	1643.00	1536.15	2.373 times
07 Wed Aug 2024	1557.45	1559.00	1576.50	1530.00	0.842 times
06 Tue Aug 2024	1517.45	1568.00	1608.75	1510.40	1.178 times
05 Mon Aug 2024	1553.05	1579.95	1597.65	1538.10	1.516 times
02 Fri Aug 2024	1655.40	1707.00	1707.00	1648.00	0.773 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1557.2 as stoploss in an intra day buy trade for a target of 1622.78. However, stock will show a bearish move below 1557.2.

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
Downside Target	1553.25
Upside Target	1654.95
Upside Target	1665.85
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	1548.52
Downside Intraday Target	1512.53
Upside Intraday Target	1625.22
Upside Intraday Target	1665.93
Upside Intraday Target	1589.23

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	1584.50	1629.95	1629.95	1553.25	0.273 times
09 Fri Aug 2024	1636.55	1579.95	1654.95	1510.40	2.135 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

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
16 Fri Aug 2024	1584.50	1740.00	1771.20	1510.40	0.68 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 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 term time period is neutral. A longer time frame might give a better analysis.

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 losing momentum.

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

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 red color and prices are below the red 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 negative zone. This is the SELL 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 1586.42 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.