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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 2023-01-24 View latest technical analysis

10 day averaged volume of Bharat Forge is 51285

Date Daily Closing Price Open High Low Volume
24 Tue Jan 2023 869.95 879.00 883.45 865.85 0.197 times
23 Mon Jan 2023 879.00 867.85 881.00 864.85 0.259 times
20 Fri Jan 2023 861.30 875.95 882.20 860.10 0.388 times
19 Thu Jan 2023 874.30 876.00 878.40 865.90 0.271 times
18 Wed Jan 2023 872.50 864.70 875.30 861.30 0.309 times
17 Tue Jan 2023 862.80 856.05 868.85 856.05 5.169 times
16 Mon Jan 2023 860.85 875.00 879.60 857.65 0.968 times
13 Fri Jan 2023 873.10 868.05 877.65 864.35 1.7 times
12 Thu Jan 2023 873.50 869.00 879.70 868.60 0.248 times
11 Wed Jan 2023 865.20 882.05 890.45 860.30 0.392 times

My analysis of stock is bearish for shortterm, and stock might move down till 865.7 or till 856.8. Use a stoploss of 873.05 and if the stock hits stoploss, then it can shoot up till 880.43

Share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Target 677.85
Downside Target 801.05
Downside Target 864.85
Upside Target 882.20
Upside Target 883.45
Upside Target 886.00
Upside Target 890.45
Upside Target 891.95
Upside Target 896.40
Upside Target 919.50

Intraday share price targets for Bharat Forge (BharatForge)

Target Type Value
Downside Intraday Target 862.05
Downside Intraday Target 854.15
Upside Intraday Target 880.65
Upside Intraday Target 891.35
Upside Intraday Target 872.75

Weekly technical analysis of Bharat Forge (BharatForge)

Date Weekly Closing Price Open High Low Volume
24 Tue Jan 2023 869.95 867.85 883.45 864.85 0.064 times
20 Fri Jan 2023 861.30 875.00 882.20 856.05 2.461 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

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
24 Tue Jan 2023 869.95 884.95 891.95 855.80 0.873 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 0.801 times
31 Mon Oct 2022 834.70 693.45 847.15 683.05 1.269 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 11, 17, 18 Sell
MACD 6, 8Sell
Stochastics 41None
CCI 55Sell
RSI 50Sell
OBV 116539Sell
VWAP 866Buy
ADL 0Sell
ROC -1Sell
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

Price action analysis of Bharat Forge ( (BharatForge) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Bharat Forge ( (BharatForge) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling 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 865.87 and Bharat Forge (BharatForge) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

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Daily charts

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