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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 2024-09-16 View latest technical analysis

10 day averaged volume of Bharat Forge is 1043038

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1601.20	1625.00	1625.00	1586.60	1.668 times
13 Fri Sep 2024	1616.25	1588.00	1629.70	1587.10	1.703 times
12 Thu Sep 2024	1591.00	1569.00	1594.10	1566.30	0.427 times
11 Wed Sep 2024	1561.70	1571.00	1581.60	1552.25	1.077 times
10 Tue Sep 2024	1570.65	1565.00	1578.00	1553.05	0.407 times
09 Mon Sep 2024	1555.15	1535.00	1561.05	1524.75	0.912 times
06 Fri Sep 2024	1551.20	1606.00	1606.00	1547.20	1.192 times
05 Thu Sep 2024	1608.95	1625.00	1629.90	1590.20	1.498 times
04 Wed Sep 2024	1605.70	1568.00	1614.90	1554.00	1.05 times
03 Tue Sep 2024	1567.10	1576.65	1591.05	1564.05	0.842 times

My analysis of stock is bullish for shortterm, and stock might move up till 1613.8 or till 1642.2. Use a stoploss of 1590.09 and if this stock hits its stoploss, then it can fall down till 1566.39

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1209.15
Downside Target	1406.25
Downside Target	1500.00
Upside Target	1629.70
Upside Target	1629.90
Upside Target	1644.90
Upside Target	1647.95
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	1583.53
Downside Intraday Target	1565.87
Upside Intraday Target	1621.93
Upside Intraday Target	1642.67
Upside Intraday Target	1604.27

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1601.20	1625.00	1625.00	1586.60	0.368 times
13 Fri Sep 2024	1616.25	1535.00	1629.70	1524.75	0.827 times
06 Fri Sep 2024	1551.20	1597.00	1629.90	1545.50	1.411 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

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 Mon Sep 2024	1601.20	1597.00	1629.90	1524.75	0.45 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 up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bharat Forge ( (BHARATFORG) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Bharat Forge stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Bharat Forge in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bharat Forge Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Bharat Forge in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 1587.5 and Bharat Forge (BHARATFORG) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.