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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 2023-01-16 View latest technical analysis

10 day averaged volume of Bharat Forge is 30583

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	860.85	875.00	879.60	857.65	1.623 times
13 Fri Jan 2023	873.10	868.05	877.65	864.35	2.851 times
12 Thu Jan 2023	873.50	869.00	879.70	868.60	0.416 times
11 Wed Jan 2023	865.20	882.05	890.45	860.30	0.658 times
10 Tue Jan 2023	882.35	886.45	887.85	876.30	0.494 times
09 Mon Jan 2023	882.55	869.50	884.75	869.50	0.422 times
06 Fri Jan 2023	869.45	880.50	883.70	866.25	0.488 times
05 Thu Jan 2023	879.30	864.75	880.60	855.80	1.146 times
04 Wed Jan 2023	861.10	883.95	883.95	859.50	1.369 times
03 Tue Jan 2023	878.35	880.30	888.65	875.50	1.302 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 861.7, but if it comes above 861.7, then a intra day buy could be more profitable.
If you take a sell trade below 861.7, then use 861.7 as stoploss and 848.2 as target. However if you take a buy trade in stock , then use 861.7 as stoploss and 873 as target.

Share price targets for Bharat Forge (BharatForge)

Target Type	Value
Downside Target	677.85
Downside Target	801.05
Downside Target	860.30
Upside Target	879.60
Upside Target	886.00
Upside Target	890.45
Upside Target	891.95
Upside Target	896.40
Upside Target	905.00
Upside Target	919.50

Intraday share price targets for Bharat Forge (BharatForge)

Target Type	Value
Downside Intraday Target	852.47
Downside Intraday Target	844.08
Upside Intraday Target	874.42
Upside Intraday Target	887.98
Upside Intraday Target	866.03

Weekly technical analysis of Bharat Forge (BharatForge)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	860.85	875.00	879.60	857.65	0.335 times
13 Fri Jan 2023	873.10	869.50	890.45	860.30	0.938 times
06 Fri Jan 2023	869.45	884.95	891.95	855.80	1.194 times
30 Fri Dec 2022	879.55	840.35	886.00	832.90	0.812 times
23 Fri Dec 2022	842.50	882.05	905.00	827.75	0.526 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
16 Mon Jan 2023	860.85	884.95	891.95	855.80	0.447 times
30 Fri Dec 2022	879.55	864.30	919.50	827.75	0.618 times
30 Wed Nov 2022	858.95	831.15	896.40	816.40	0.66 times
31 Mon Oct 2022	834.70	693.45	847.15	683.05	1.54 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)

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 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 Strong 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 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 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 871.18 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.