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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 2022-09-29 View latest technical analysis

10 day averaged volume of Bharat Forge is 65804

Date Daily Closing Price Open High Low Volume
29 Thu Sep 2022 687.45 699.95 706.05 677.85 0.826 times
28 Wed Sep 2022 694.95 698.50 707.45 686.25 0.65 times
27 Tue Sep 2022 703.65 725.05 731.70 700.00 0.74 times
26 Mon Sep 2022 723.75 738.05 743.15 708.05 0.686 times
23 Fri Sep 2022 747.20 787.00 787.00 745.00 0.52 times
22 Thu Sep 2022 782.05 761.40 785.45 758.10 0.821 times
21 Wed Sep 2022 766.95 761.20 784.00 761.20 0.5 times
20 Tue Sep 2022 769.10 743.50 772.55 743.50 0.773 times
19 Mon Sep 2022 736.50 750.00 751.10 734.30 3.773 times
16 Fri Sep 2022 746.30 790.00 790.00 736.75 1.065 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 688.9, for a target of 725.5 or 756.07

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 597.50
Downside Target 615.00
Downside Target 630.00
Downside Target 677.85
Upside Target 700.00
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 662.48
Downside Intraday Target 637.52
Upside Intraday Target 727.78
Upside Intraday Target 768.12
Upside Intraday Target 702.82

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
29 Thu Sep 2022 687.45 738.05 743.15 677.85 0.454 times
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

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
29 Thu Sep 2022 687.45 740.00 801.05 677.85 0.745 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 13, 35, 44 Sell
MACD -9, 7Sell
Stochastics 7Sell
CCI -122Sell
RSI 51Buy
OBV -239901Sell
VWAP 736Sell
ADL 0Sell
ROC -12Sell
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 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 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 735.85 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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