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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 2024-08-20 View latest technical analysis

10 day averaged volume of Bharat Forge is 1677407

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	1577.40	1600.00	1604.65	1551.05	0.621 times
19 Mon Aug 2024	1587.70	1610.00	1613.70	1560.15	0.707 times
16 Fri Aug 2024	1584.50	1582.90	1601.80	1575.80	0.444 times
14 Wed Aug 2024	1567.20	1574.10	1583.95	1553.25	0.277 times
13 Tue Aug 2024	1581.05	1594.95	1605.00	1576.25	0.286 times
12 Mon Aug 2024	1593.55	1629.95	1629.95	1565.55	0.985 times
09 Fri Aug 2024	1636.55	1628.05	1654.95	1617.90	1.202 times
08 Thu Aug 2024	1605.45	1562.00	1643.00	1536.15	2.449 times
07 Wed Aug 2024	1557.45	1559.00	1576.50	1530.00	0.869 times
06 Tue Aug 2024	1517.45	1568.00	1608.75	1510.40	1.216 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 1554.7 as stoploss in an intra day buy trade for a target of 1620.79. However, stock will show a bearish move below 1554.7.

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	1551.05
Upside Target	1600.00
Upside Target	1654.95
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	1547.73
Downside Intraday Target	1518.07
Upside Intraday Target	1610.38
Upside Intraday Target	1643.37
Upside Intraday Target	1580.72

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	1577.40	1610.00	1613.70	1551.05	0.667 times
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

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
20 Tue Aug 2024	1577.40	1740.00	1771.20	1510.40	0.764 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 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 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 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 gaining momentum.

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

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 red color and prices are below the red 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

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 1585.59 and Bharat Forge (BHARATFORG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.