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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 2022-11-21 View latest technical analysis

10 day averaged volume of Bharat Forge is 52192

Date Daily Closing Price Open High Low Volume
21 Mon Nov 2022 826.65 831.65 834.50 816.40 0.455 times
18 Fri Nov 2022 836.60 838.00 840.00 826.95 0.366 times
17 Thu Nov 2022 838.20 837.95 847.90 831.35 0.401 times
16 Wed Nov 2022 838.75 844.00 852.25 830.35 0.869 times
15 Tue Nov 2022 853.25 842.00 859.00 840.00 1.082 times
14 Mon Nov 2022 859.40 895.90 895.90 842.75 1.676 times
11 Fri Nov 2022 886.70 887.00 896.40 884.05 1.641 times
10 Thu Nov 2022 880.75 883.25 886.55 870.00 0.575 times
09 Wed Nov 2022 878.60 878.65 890.00 872.60 1.844 times
07 Mon Nov 2022 875.60 854.90 877.90 854.90 1.079 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 813.8 as stoploss in an intra day buy trade for a target of 842.17. However, stock will show a bearish move below 813.8.

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 630.00
Downside Target 677.85
Downside Target 700.00
Downside Target 742.35
Downside Target 775.65
Downside Target 800.00
Upside Target 836.40
Upside Target 847.15
Upside Target 854.90
Upside Target 871.45
Upside Target 895.90
Upside Target 896.40

Intraday share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Intraday Target 817.2
Downside Intraday Target 807.75
Upside Intraday Target 835.3
Upside Intraday Target 843.95
Downside Intraday Target 825.85

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
21 Mon Nov 2022 826.65 831.65 834.50 816.40 0.104 times
18 Fri Nov 2022 836.60 895.90 895.90 826.95 0.855 times
11 Fri Nov 2022 886.70 854.90 896.40 854.90 0.372 times
04 Fri Nov 2022 854.90 835.05 871.45 825.75 1.772 times
28 Fri Oct 2022 833.15 780.00 836.40 775.65 2.376 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
21 Mon Nov 2022 826.65 831.15 896.40 816.40 0.714 times
31 Mon Oct 2022 834.70 693.45 847.15 683.05 1.269 times
30 Fri Sep 2022 695.40 740.00 801.05 677.85 0.773 times
30 Tue Aug 2022 740.65 733.00 800.00 700.00 1.553 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 20, 25, 11 Sell
MACD 35, 45Sell
Stochastics 13Sell
CCI -109Sell
RSI 55Buy
OBV 973553Sell
VWAP 865Sell
ADL 0Sell
ROC -3Sell
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 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 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 weakening, and bulls are picking up momentum!

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 864.77 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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