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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 2022-04-29 View latest technical analysis

10 day averaged volume of Bharat Forge is 26977

Date Daily Closing Price Open High Low Volume
29 Fri Apr 2022 701.25 721.80 728.95 698.90 0.876 times
28 Thu Apr 2022 720.70 727.00 727.00 706.95 0.862 times
27 Wed Apr 2022 713.60 721.00 724.90 710.10 0.704 times
26 Tue Apr 2022 727.75 709.80 731.20 709.80 1.076 times
25 Mon Apr 2022 701.35 722.00 727.75 699.40 1.073 times
22 Fri Apr 2022 723.70 738.40 738.40 722.00 0.554 times
21 Thu Apr 2022 738.50 731.00 750.00 731.00 1.224 times
20 Wed Apr 2022 731.15 722.90 751.95 722.90 1.389 times
19 Tue Apr 2022 725.00 740.00 742.40 719.90 1.233 times
18 Mon Apr 2022 727.40 729.40 732.10 714.85 0.819 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 709.5, but if it comes above 709.5, then a intra day buy could be more profitable.
If you take a sell trade below 709.5, then use 709.5 as stoploss and 693.7 as target. However if you take a buy trade in stock , then use 709.5 as stoploss and 722.76 as target.

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 595.85
Downside Target 651.05
Downside Target 679.30
Downside Target 694.35
Upside Target 731.20
Upside Target 745.65
Upside Target 751.90
Upside Target 751.95
Upside Target 753.15
Upside Target 767.00
Upside Target 787.40

Intraday share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Intraday Target 689.7
Downside Intraday Target 678.15
Upside Intraday Target 722
Upside Intraday Target 742.75
Upside Intraday Target 710.45

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
29 Fri Apr 2022 701.25 722.00 731.20 698.90 0.88 times
22 Fri Apr 2022 723.70 729.40 751.95 714.85 2.086 times
13 Wed Apr 2022 732.90 751.90 751.90 716.65 0.355 times
08 Fri Apr 2022 745.65 705.50 753.15 704.80 1.298 times
01 Fri Apr 2022 701.80 689.95 725.50 679.30 0.76 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
29 Fri Apr 2022 701.25 700.60 753.15 694.35 0.41 times
31 Thu Mar 2022 701.90 670.00 725.50 595.85 0.961 times
28 Mon Feb 2022 677.90 738.25 767.00 651.05 1.272 times
31 Mon Jan 2022 735.35 699.00 787.40 698.00 1.107 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 14, 21, 19 Sell
MACD 8, 13Sell
Stochastics 24Sell
CCI -113Sell
RSI 49Sell
OBV 31171Sell
VWAP 722Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Bharat Forge ( (BharatForge) ) 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 ( (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 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 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 Weak 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 green color and prices are in or below the green 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 722.08 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.

Click here for Bharat Forge charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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