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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 2022-09-23 View latest technical analysis

10 day averaged volume of Bharat Forge is 69702

Date Daily Closing Price Open High Low Volume
23 Fri Sep 2022 747.20 787.00 787.00 745.00 0.491 times
22 Thu Sep 2022 782.05 761.40 785.45 758.10 0.775 times
21 Wed Sep 2022 766.95 761.20 784.00 761.20 0.472 times
20 Tue Sep 2022 769.10 743.50 772.55 743.50 0.73 times
19 Mon Sep 2022 736.50 750.00 751.10 734.30 3.562 times
16 Fri Sep 2022 746.30 790.00 790.00 736.75 1.006 times
15 Thu Sep 2022 784.00 778.70 788.65 773.25 0.446 times
14 Wed Sep 2022 778.70 777.10 787.65 769.60 0.324 times
13 Tue Sep 2022 786.50 786.00 793.10 783.00 0.513 times
12 Mon Sep 2022 785.05 788.55 801.05 783.65 1.03 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 743.8 as stoploss in an intra day buy trade for a target of 762.99. However, stock will show a bearish move below 743.8.

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
Downside Target 742.35
Upside Target 750.00
Upside Target 768.80
Upside Target 787.00
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 725.33
Downside Intraday Target 703.47
Upside Intraday Target 778.03
Upside Intraday Target 808.87
Upside Intraday Target 756.17

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
23 Fri Sep 2022 747.20 750.00 787.00 734.30 1.817 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 up 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
23 Fri Sep 2022 747.20 740.00 801.05 732.30 0.629 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 up 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 22, 23, 3 Sell
MACD 19, 24Sell
Stochastics 47None
CCI -57Sell
RSI 51Buy
OBV -34559Sell
VWAP 758Sell
ADL 0Sell
ROC -5Sell
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 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 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 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 losing momentum.

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

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 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 BUY signal in short term but buying is losing 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 757.8 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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