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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 2022-09-19 View latest technical analysis

10 day averaged volume of Bharat Forge is 51144

Date Daily Closing Price Open High Low Volume
19 Mon Sep 2022 736.50 750.00 751.10 734.30 4.855 times
16 Fri Sep 2022 746.30 790.00 790.00 736.75 1.37 times
15 Thu Sep 2022 784.00 778.70 788.65 773.25 0.607 times
14 Wed Sep 2022 778.70 777.10 787.65 769.60 0.442 times
13 Tue Sep 2022 786.50 786.00 793.10 783.00 0.699 times
12 Mon Sep 2022 785.05 788.55 801.05 783.65 1.404 times
09 Fri Sep 2022 788.00 765.65 792.00 765.65 1.556 times
08 Thu Sep 2022 764.85 765.60 772.20 760.65 0.372 times
07 Wed Sep 2022 765.30 776.90 776.90 750.00 0.791 times
06 Tue Sep 2022 776.55 765.05 779.80 765.05 0.861 times

Stock of Bharat Forge (BharatForge) has showed a significant fall. This could be a good time to exit from this stock.

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 733.1 as stoploss in an intra day buy trade for a target of 755.67. However, stock will show a bearish move below 733.1.

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 597.50
Downside Target 615.00
Downside Target 630.00
Downside Target 700.00
Upside Target 742.35
Upside Target 750.00
Upside Target 751.10
Upside Target 768.80
Upside Target 792.00
Upside Target 800.00
Upside Target 801.05

Intraday share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Intraday Target 730.17
Downside Intraday Target 723.83
Upside Intraday Target 746.97
Upside Intraday Target 757.43
Upside Intraday Target 740.63

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
19 Mon Sep 2022 736.50 750.00 751.10 734.30 1.074 times
16 Fri Sep 2022 746.30 788.55 801.05 736.75 0.826 times
09 Fri Sep 2022 788.00 774.40 792.00 750.00 1.57 times
02 Fri Sep 2022 766.85 720.00 768.80 710.75 1.045 times
26 Fri Aug 2022 732.15 730.00 742.15 718.50 0.657 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
19 Mon Sep 2022 736.50 740.00 801.05 732.30 0.524 times
30 Tue Aug 2022 740.65 733.00 800.00 700.00 1.553 times
29 Fri Jul 2022 732.75 651.70 742.35 630.00 0.756 times
30 Thu Jun 2022 651.75 709.85 712.15 615.00 1.019 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 21, 30, 18 Sell
MACD 23, 29Sell
Stochastics 28Sell
CCI -174Sell
RSI 50Sell
OBV -142595Sell
VWAP 761Sell
ADL 0Sell
ROC -4Sell
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short to mid 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 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 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 760.58 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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