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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 2024-10-10 View latest technical analysis

10 day averaged volume of Bharat Forge is 1106601

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	1501.05	1520.00	1526.90	1489.00	0.884 times
09 Wed Oct 2024	1510.30	1485.05	1520.50	1482.35	1.178 times
08 Tue Oct 2024	1481.35	1433.00	1486.40	1429.40	0.453 times
07 Mon Oct 2024	1433.95	1477.95	1486.00	1425.10	1.314 times
04 Fri Oct 2024	1473.80	1488.00	1498.95	1460.15	1.05 times
03 Thu Oct 2024	1489.25	1529.00	1551.00	1473.05	1.101 times
01 Tue Oct 2024	1530.20	1519.00	1555.00	1514.40	0.427 times
30 Mon Sep 2024	1516.60	1520.50	1537.75	1512.30	0.681 times
27 Fri Sep 2024	1522.50	1534.00	1539.00	1520.00	1.1 times
26 Thu Sep 2024	1528.50	1552.00	1555.10	1502.60	1.778 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 1493.2 as stoploss in an intra day buy trade for a target of 1542.98. However, stock will show a bearish move below 1493.2.

Share price targets for Bharat Forge (BHARATFORG)

Target Type	Value
Downside Target	1406.25
Downside Target	1460.15
Downside Target	1500.00
Upside Target	1555.00
Upside Target	1625.00
Upside Target	1626.00
Upside Target	1629.70
Upside Target	1629.90
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	1441.8
Downside Intraday Target	1382.55
Upside Intraday Target	1543.6
Upside Intraday Target	1586.15
Downside Intraday Target	1484.35

Weekly technical analysis of Bharat Forge (BHARATFORG)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	1501.05	1477.95	1526.90	1425.10	1.175 times
04 Fri Oct 2024	1473.80	1520.50	1555.00	1460.15	0.472 times
27 Fri Sep 2024	1522.50	1600.80	1626.00	1502.60	1.411 times
20 Fri Sep 2024	1591.35	1625.00	1625.00	1534.05	1.147 times
13 Fri Sep 2024	1616.25	1535.00	1629.70	1524.75	0.827 times

Price has moved up 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
10 Thu Oct 2024	1501.05	1519.00	1555.00	1425.10	0.293 times
30 Mon Sep 2024	1516.60	1597.00	1629.90	1502.60	0.897 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

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 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 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 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 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.

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. 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 buy signal for Bharat Forge in short term and BUY 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

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 1497.8 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 negative.

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