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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 2024-09-18 View latest technical analysis

10 day averaged volume of Bharat Forge is 1180198

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	1575.70	1599.95	1612.95	1562.05	0.311 times
17 Tue Sep 2024	1596.10	1606.00	1610.00	1578.10	1.221 times
16 Mon Sep 2024	1601.20	1625.00	1625.00	1586.60	1.474 times
13 Fri Sep 2024	1616.25	1588.00	1629.70	1587.10	1.505 times
12 Thu Sep 2024	1591.00	1569.00	1594.10	1566.30	0.378 times
11 Wed Sep 2024	1561.70	1571.00	1581.60	1552.25	0.951 times
10 Tue Sep 2024	1570.65	1565.00	1578.00	1553.05	0.359 times
09 Mon Sep 2024	1555.15	1535.00	1561.05	1524.75	0.806 times
06 Fri Sep 2024	1551.20	1606.00	1606.00	1547.20	1.053 times
05 Thu Sep 2024	1608.95	1625.00	1629.90	1590.20	1.324 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 1566.1 as stoploss in an intra day buy trade for a target of 1589.81. However, stock will show a bearish move below 1566.1.

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1209.15
Downside Target	1406.25
Downside Target	1500.00
Upside Target	1600.00
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	1550.17
Downside Intraday Target	1524.63
Upside Intraday Target	1613.12
Upside Intraday Target	1650.53
Upside Intraday Target	1587.58

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	1575.70	1625.00	1625.00	1562.05	0.752 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
18 Wed Sep 2024	1575.70	1597.00	1629.90	1524.75	0.517 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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

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. Bulls are getting tired and bears 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 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 1588.04 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 positive

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