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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 2023-05-25 View latest technical analysis

10 day averaged volume of Bharat Forge is 27991

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu May 2023	757.00	762.10	765.25	754.05	0.44 times
24 Wed May 2023	762.10	769.00	769.45	760.30	0.611 times
23 Tue May 2023	769.75	762.00	772.65	756.20	0.71 times
22 Mon May 2023	761.55	757.45	763.35	756.45	0.51 times
19 Fri May 2023	757.45	769.90	769.90	753.10	0.931 times
18 Thu May 2023	766.00	778.25	783.85	763.00	1.086 times
17 Wed May 2023	776.85	769.15	778.55	764.25	0.588 times
16 Tue May 2023	769.15	772.35	773.90	764.20	0.368 times
15 Mon May 2023	766.70	762.95	769.70	757.80	1.662 times
12 Fri May 2023	758.05	780.00	780.00	755.55	1.352 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 760.2, but if it comes above 760.2, then a intra day buy could be more profitable.
If you take a sell trade below 760.2, then use 760.2 as stoploss and 744.8 as target. However if you take a buy trade in stock , then use 760.2 as stoploss and 773.06 as target.

Share price targets for Bharat Forge (BharatForge)

Target Type	Value
Downside Target	744.00
Upside Target	772.65
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	749.82
Downside Intraday Target	742.63
Upside Intraday Target	768.42
Upside Intraday Target	779.83
Upside Intraday Target	761.23

Weekly technical analysis of Bharat Forge (BharatForge)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu May 2023	757.00	757.45	772.65	754.05	0.49 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 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
25 Thu May 2023	757.00	809.95	809.95	748.20	1.004 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 gaining momentum.

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

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 and SELL signal is strong!

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 764.07 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.