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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 2022-11-23 View latest technical analysis

10 day averaged volume of Bharat Forge is 47951

Date Daily Closing Price Open High Low Volume
23 Wed Nov 2022 843.15 846.95 848.80 839.60 0.364 times
22 Tue Nov 2022 839.55 822.20 842.75 821.15 0.303 times
21 Mon Nov 2022 826.65 831.65 834.50 816.40 0.496 times
18 Fri Nov 2022 836.60 838.00 840.00 826.95 0.399 times
17 Thu Nov 2022 838.20 837.95 847.90 831.35 0.436 times
16 Wed Nov 2022 838.75 844.00 852.25 830.35 0.946 times
15 Tue Nov 2022 853.25 842.00 859.00 840.00 1.177 times
14 Mon Nov 2022 859.40 895.90 895.90 842.75 1.824 times
11 Fri Nov 2022 886.70 887.00 896.40 884.05 1.786 times
10 Thu Nov 2022 880.75 883.25 886.55 870.00 0.626 times

My analysis of stock is bearish for shortterm, and stock might move down till 827.7 or till 803.3. Use a stoploss of 848.05 and if the stock hits stoploss, then it can shoot up till 868.4

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 847.15
Upside Target 848.80
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 823.43
Downside Intraday Target 803.72
Upside Intraday Target 855.83
Upside Intraday Target 868.52
Downside Intraday Target 836.12

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
23 Wed Nov 2022 843.15 831.65 848.80 816.40 0.243 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 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
23 Wed Nov 2022 843.15 831.15 896.40 816.40 0.734 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 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 24, 22, 5 Buy
MACD 31, 39Sell
Stochastics 25Sell
CCI -26Buy
RSI 54Buy
OBV 996791Sell
VWAP 858Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 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 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 BUY. 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Bharat Forge in short term but BUY signal is weak.

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 858.07 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.

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Daily charts

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Daily chart

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