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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 2022-05-06 View latest technical analysis

10 day averaged volume of Bharat Forge is 64983

Date Daily Closing Price Open High Low Volume
06 Fri May 2022 659.80 666.00 669.40 652.30 0.883 times
05 Thu May 2022 676.85 680.00 691.10 674.75 0.321 times
04 Wed May 2022 671.70 684.80 695.15 665.45 6.541 times
02 Mon May 2022 678.50 693.95 693.95 674.45 0.494 times
29 Fri Apr 2022 701.25 721.80 728.95 698.90 0.364 times
28 Thu Apr 2022 720.70 727.00 727.00 706.95 0.358 times
27 Wed Apr 2022 713.60 721.00 724.90 710.10 0.292 times
26 Tue Apr 2022 727.75 709.80 731.20 709.80 0.447 times
25 Mon Apr 2022 701.35 722.00 727.75 699.40 0.445 times
22 Fri Apr 2022 723.70 738.40 738.40 722.00 0.23 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 661.5, for a target of 690.7 or 715.05

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 595.85
Downside Target 651.05
Upside Target 694.35
Upside Target 725.50
Upside Target 731.20
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 643.02
Downside Intraday Target 626.23
Upside Intraday Target 685.87
Upside Intraday Target 711.93
Upside Intraday Target 669.08

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
06 Fri May 2022 659.80 693.95 695.15 652.30 4.323 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bharat Forge (BharatForge)

Date Monthly Closing Price Open High Low Volume
06 Fri May 2022 659.80 693.95 695.15 652.30 0.981 times
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

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 9, 34, 58 Sell
MACD -11, 0Sell
Stochastics 10Sell
CCI -132Sell
RSI 46Sell
OBV -414578Sell
VWAP 680Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Bharat Forge in short term and the sell signal is strong.

Bharat Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 679.92 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 negative.

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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