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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 2022-05-16 View latest technical analysis

10 day averaged volume of Bharat Forge is 80400

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 661.75 635.00 669.50 626.00 1.384 times
13 Fri May 2022 629.15 609.80 651.80 609.80 0.749 times
12 Thu May 2022 603.45 625.00 630.30 597.50 0.577 times
11 Wed May 2022 629.45 640.40 640.40 624.25 0.484 times
10 Tue May 2022 631.60 635.00 648.90 630.00 0.392 times
09 Mon May 2022 637.00 650.10 656.00 628.60 0.844 times
06 Fri May 2022 659.80 666.00 669.40 652.30 0.714 times
05 Thu May 2022 676.85 680.00 691.10 674.75 0.259 times
04 Wed May 2022 671.70 684.80 695.15 665.45 5.287 times
02 Mon May 2022 678.50 693.95 693.95 674.45 0.399 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 643.4 as stoploss in an intra day buy trade for a target of 684.48. However, stock will show a bearish move below 643.4.

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 595.85
Downside Target 626.00
Downside Target 651.05
Upside Target 669.50
Upside Target 694.35
Upside Target 714.85
Upside Target 725.50
Upside Target 731.20
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 635.33
Downside Intraday Target 608.92
Upside Intraday Target 678.83
Upside Intraday Target 695.92
Downside Intraday Target 652.42

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 661.75 635.00 669.50 626.00 0.454 times
13 Fri May 2022 629.15 650.10 656.00 597.50 0.458 times
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

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 (BharatForge)

Date Monthly Closing Price Open High Low Volume
16 Mon May 2022 661.75 693.95 695.15 597.50 1.634 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Bharat Forge (BharatForge)

Indicator Name Indicator Value Indicator Signal
ADX 17, 29, 26 Sell
MACD -33, -26Sell
Stochastics 31None
CCI 7Buy
RSI 52Buy
OBV -497374Sell
VWAP 658Buy
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 in or above the red cloud Prices appear to be moving up

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

Stock of Bharat Forge is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 657.73 and Bharat Forge (BharatForge) 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 (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

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Daily charts

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Daily chart

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