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(BharatForge) Bharat Forge complete technical analysis [charts+indicators] | Buy/Sell Bharat Forge | (BharatForge) share price targets

Complete technical analysis of Bharat Forge (BharatForge) by charts plus indicators, forecast predictions and share price targets for Bharat Forge (BharatForge)

Showing technical analysis as on 2021-11-22 View latest technical analysis

10 day averaged volume of Bharat Forge is 105593

Date Daily Closing Price Open High Low Volume
22 Mon Nov 2021 740.85 787.85 787.85 729.90 0.91 times
18 Thu Nov 2021 779.45 800.55 802.10 769.00 1.06 times
17 Wed Nov 2021 802.50 792.90 824.95 792.90 0.844 times
16 Tue Nov 2021 800.55 782.00 813.35 777.00 1.139 times
15 Mon Nov 2021 777.50 777.95 799.05 771.40 0.784 times
12 Fri Nov 2021 774.70 792.00 807.05 765.85 2.612 times
11 Thu Nov 2021 782.50 824.70 824.70 777.75 1.167 times
10 Wed Nov 2021 831.15 832.55 848.00 828.00 0.656 times
09 Tue Nov 2021 833.85 818.00 837.00 815.25 0.717 times
08 Mon Nov 2021 814.35 781.05 820.75 780.70 0.982 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 737.8, for a target of 764 or 785.8

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 716.90
Upside Target 748.85
Upside Target 787.85
Upside Target 799.00
Upside Target 811.00
Upside Target 817.30
Upside Target 824.95
Upside Target 832.15
Upside Target 846.60
Upside Target 848.00

Intraday share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Intraday Target 717.88
Downside Intraday Target 694.92
Upside Intraday Target 775.83
Upside Intraday Target 810.82
Upside Intraday Target 752.87

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
22 Mon Nov 2021 740.85 787.85 787.85 729.90 0.238 times
18 Thu Nov 2021 779.45 777.95 824.95 769.00 0.624 times
12 Fri Nov 2021 774.70 781.05 848.00 765.85 6.083 times
04 Thu Nov 2021 781.05 768.35 793.00 767.60 0.294 times
29 Fri Oct 2021 767.75 793.50 799.00 748.85 0.577 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 (BharatForge)

Date Monthly Closing Price Open High Low Volume
22 Mon Nov 2021 740.85 768.35 848.00 729.90 0.537 times
29 Fri Oct 2021 767.75 737.40 817.30 717.30 0.774 times
30 Thu Sep 2021 737.40 775.90 811.00 727.50 1.187 times
31 Tue Aug 2021 767.10 771.80 846.60 716.90 1.286 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 (BharatForge)

Indicator Name Indicator Value Indicator Signal
ADX 19, 35, 31 Sell
MACD 3, 10Sell
Stochastics 23Sell
CCI -166Sell
RSI 47Sell
OBV -122825Sell
VWAP 789Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short term time period is

Price action analysis of Bharat Forge ( (BharatForge) ) 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 ( (BharatForge) ) 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 ( (BharatForge) ) based on a mid to longer 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

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 SELL signal for Bharat Forge in short term but the sell signal is initial and weak.

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 in or above the red cloud Prices appear to be coming down

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 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 789.13 and Bharat Forge (BharatForge) 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 (BharatForge) stock. Volume based technical analysis of Bharat Forge (BharatForge) 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.

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Daily charts

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Daily chart

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