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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 2023-03-17 View latest technical analysis

10 day averaged volume of Bharat Forge is 26416

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	800.55	804.10	822.55	793.60	2.025 times
16 Thu Mar 2023	788.15	795.00	795.00	776.10	1.411 times
15 Wed Mar 2023	793.05	788.05	808.75	788.05	0.772 times
14 Tue Mar 2023	787.60	795.10	795.10	779.85	1.031 times
13 Mon Mar 2023	795.10	814.05	824.90	791.05	1.275 times
10 Fri Mar 2023	821.20	823.00	823.00	814.65	0.577 times
09 Thu Mar 2023	824.75	841.95	844.95	823.50	1.334 times
08 Wed Mar 2023	833.85	829.00	835.80	819.40	0.864 times
06 Mon Mar 2023	828.05	826.05	834.40	826.05	0.474 times
03 Fri Mar 2023	825.00	845.00	845.75	814.95	0.945 times

Stock of Bharat Forge (BharatForge) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 801.9, but if it comes above 801.9, then a intra day buy could be more profitable.
If you take a sell trade below 801.9, then use 801.9 as stoploss and 776 as target. However if you take a buy trade in stock , then use 801.9 as stoploss and 823.49 as target.

Share price targets for Bharat Forge (BharatForge)

Target Type	Value
Downside Target	776.10
Upside Target	811.80
Upside Target	844.95
Upside Target	845.75
Upside Target	874.20
Upside Target	891.95
Upside Target	896.40
Upside Target	910.00
Upside Target	919.50

Intraday share price targets for Bharat Forge (BharatForge)

Target Type	Value
Downside Intraday Target	776.13
Downside Intraday Target	751.72
Upside Intraday Target	824.93
Upside Intraday Target	849.32
Downside Intraday Target	800.52

Weekly technical analysis of Bharat Forge (BharatForge)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	800.55	814.05	824.90	776.10	2.005 times
10 Fri Mar 2023	821.20	826.05	844.95	814.65	0.644 times
03 Fri Mar 2023	825.00	828.80	845.75	813.00	1.185 times
24 Fri Feb 2023	828.80	869.95	874.20	818.95	0.257 times
17 Fri Feb 2023	862.15	893.95	910.00	811.80	4.999 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bharat Forge (BharatForge)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	800.55	823.85	845.75	776.10	0.425 times
28 Tue Feb 2023	816.05	886.95	910.00	811.80	1.035 times
31 Tue Jan 2023	875.20	884.95	891.95	839.95	0.996 times
30 Fri Dec 2022	879.55	864.30	919.50	827.75	0.618 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are below the red 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 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 806.67 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.