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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 2024-09-03 View latest technical analysis

10 day averaged volume of Bharat Forge is 869973

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	1567.10	1576.65	1591.05	1564.05	1.009 times
02 Mon Sep 2024	1562.45	1597.00	1599.00	1545.50	1.07 times
30 Fri Aug 2024	1587.00	1579.50	1590.05	1575.10	1.07 times
29 Thu Aug 2024	1577.90	1584.50	1589.00	1556.25	0.939 times
28 Wed Aug 2024	1584.50	1614.00	1620.00	1579.25	1.067 times
27 Tue Aug 2024	1607.40	1644.90	1644.90	1602.10	0.758 times
26 Mon Aug 2024	1634.70	1622.00	1638.15	1613.70	0.82 times
23 Fri Aug 2024	1620.30	1636.50	1636.95	1601.90	0.998 times
22 Thu Aug 2024	1621.20	1607.90	1647.95	1594.00	1.099 times
21 Wed Aug 2024	1600.00	1577.00	1610.00	1573.15	0.982 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 1560.9 as stoploss in an intra day buy trade for a target of 1588.54. However, stock will show a bearish move below 1560.9.

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1209.15
Downside Target	1406.25
Downside Target	1500.00
Downside Target	1545.50
Upside Target	1599.00
Upside Target	1629.95
Upside Target	1644.90
Upside Target	1647.95
Upside Target	1654.95
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	1542.07
Downside Intraday Target	1517.03
Upside Intraday Target	1595.57
Upside Intraday Target	1624.03
Upside Intraday Target	1570.53

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	1567.10	1597.00	1599.00	1545.50	0.447 times
30 Fri Aug 2024	1587.00	1622.00	1644.90	1556.25	0.825 times
23 Fri Aug 2024	1620.30	1610.00	1647.95	1551.05	1.469 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

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
03 Tue Sep 2024	1567.10	1597.00	1599.00	1545.50	0.067 times
30 Fri Aug 2024	1587.00	1740.00	1771.20	1510.40	1.018 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

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 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 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 mid to longer 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.

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 getting stronger in this stock.

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 SELL signal in short term and selling is picking up 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 1595.21 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.