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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 2023-05-22 View latest technical analysis

10 day averaged volume of Bharat Forge is 30751

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon May 2023	761.55	757.45	763.35	756.45	0.464 times
19 Fri May 2023	757.45	769.90	769.90	753.10	0.847 times
18 Thu May 2023	766.00	778.25	783.85	763.00	0.988 times
17 Wed May 2023	776.85	769.15	778.55	764.25	0.536 times
16 Tue May 2023	769.15	772.35	773.90	764.20	0.335 times
15 Mon May 2023	766.70	762.95	769.70	757.80	1.513 times
12 Fri May 2023	758.05	780.00	780.00	755.55	1.23 times
11 Thu May 2023	778.20	774.05	782.40	773.45	1.987 times
10 Wed May 2023	777.00	779.45	779.45	772.05	0.534 times
09 Tue May 2023	774.35	784.80	786.65	772.25	1.136 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 763.9, but if it comes above 763.9, then a intra day buy could be more profitable.
If you take a sell trade below 763.9, then use 763.9 as stoploss and 748.2 as target. However if you take a buy trade in stock , then use 763.9 as stoploss and 776.92 as target.

Share price targets for Bharat Forge (BharatForge)

Target Type	Value
Downside Target	744.00
Upside Target	803.30
Upside Target	809.95
Upside Target	811.80
Upside Target	839.95
Upside Target	845.75
Upside Target	891.95
Upside Target	910.00

Intraday share price targets for Bharat Forge (BharatForge)

Target Type	Value
Downside Intraday Target	757.55
Downside Intraday Target	753.55
Upside Intraday Target	764.45
Upside Intraday Target	767.35
Downside Intraday Target	760.45

Weekly technical analysis of Bharat Forge (BharatForge)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon May 2023	761.55	757.45	763.35	756.45	0.11 times
19 Fri May 2023	757.45	762.95	783.85	753.10	0.73 times
12 Fri May 2023	758.05	762.05	786.65	755.55	1.068 times
05 Fri May 2023	758.25	809.95	809.95	748.20	1.609 times
28 Fri Apr 2023	800.85	781.95	803.30	776.05	0.423 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
22 Mon May 2023	761.55	809.95	809.95	748.20	0.912 times
28 Fri Apr 2023	800.85	780.00	803.30	744.00	1.02 times
31 Fri Mar 2023	770.10	823.85	845.75	745.60	0.64 times
28 Tue Feb 2023	816.05	886.95	910.00	811.80	1.035 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 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Bharat Forge in short term and the sell signal is strong.

Bharat Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and selling is picking up 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 768.97 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.