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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 2022-05-19 View latest technical analysis

10 day averaged volume of Bharat Forge is 53198

Date Daily Closing Price Open High Low Volume
19 Thu May 2022 661.20 680.00 683.75 651.90 0.809 times
18 Wed May 2022 690.15 681.00 699.95 679.75 0.735 times
17 Tue May 2022 678.50 658.00 680.40 647.50 1.099 times
16 Mon May 2022 661.75 635.00 669.50 626.00 2.091 times
13 Fri May 2022 629.15 609.80 651.80 609.80 1.132 times
12 Thu May 2022 603.45 625.00 630.30 597.50 0.872 times
11 Wed May 2022 629.45 640.40 640.40 624.25 0.731 times
10 Tue May 2022 631.60 635.00 648.90 630.00 0.593 times
09 Mon May 2022 637.00 650.10 656.00 628.60 1.276 times
06 Fri May 2022 659.80 666.00 669.40 652.30 1.079 times

My analysis of stock is bearish for shortterm, and stock might move down till 639.7 or till 595.1. Use a stoploss of 676.8 and if the stock hits stoploss, then it can shoot up till 713.93

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 595.85
Downside Target 626.00
Downside Target 651.05
Upside Target 694.35
Upside Target 699.95
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 624.82
Downside Intraday Target 588.43
Upside Intraday Target 698.77
Upside Intraday Target 736.33
Upside Intraday Target 662.38

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
19 Thu May 2022 661.20 635.00 699.95 626.00 1.028 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
19 Thu May 2022 661.20 693.95 699.95 597.50 1.891 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 21, 30, 17 Sell
MACD -21, -24Buy
Stochastics 79Buy
CCI 60Sell
RSI 49Sell
OBV -416287Sell
VWAP 650Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY signal for Bharat Forge in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bharat Forge Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.

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 649.84 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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