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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 2024-09-19 View latest technical analysis

10 day averaged volume of Bharat Forge is 1107363

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	1585.95	1579.95	1594.80	1534.05	0.802 times
18 Wed Sep 2024	1575.70	1599.95	1612.95	1562.05	0.331 times
17 Tue Sep 2024	1596.10	1606.00	1610.00	1578.10	1.302 times
16 Mon Sep 2024	1601.20	1625.00	1625.00	1586.60	1.571 times
13 Fri Sep 2024	1616.25	1588.00	1629.70	1587.10	1.604 times
12 Thu Sep 2024	1591.00	1569.00	1594.10	1566.30	0.403 times
11 Wed Sep 2024	1561.70	1571.00	1581.60	1552.25	1.014 times
10 Tue Sep 2024	1570.65	1565.00	1578.00	1553.05	0.383 times
09 Mon Sep 2024	1555.15	1535.00	1561.05	1524.75	0.859 times
06 Fri Sep 2024	1551.20	1606.00	1606.00	1547.20	1.123 times

My analysis of stock is bearish for shortterm, and stock might move down till 1565.5 or till 1538.4. Use a stoploss of 1588.05 and if the stock hits stoploss, then it can shoot up till 1610.62

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	1538.33
Downside Intraday Target	1490.72
Upside Intraday Target	1629.28
Upside Intraday Target	1672.62
Downside Intraday Target	1581.67

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	1585.95	1625.00	1625.00	1534.05	0.94 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
19 Thu Sep 2024	1585.95	1597.00	1629.90	1524.75	0.55 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 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 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 to mid 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 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 Strong and stock is gaining 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 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 in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Bharat Forge in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1584.72 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 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.