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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 2024-03-21 View latest technical analysis

10 day averaged volume of Bharat Forge is 43476

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	1102.55	1104.45	1122.40	1094.00	0.516 times
20 Wed Mar 2024	1091.95	1119.35	1119.35	1087.85	0.55 times
19 Tue Mar 2024	1115.60	1112.00	1128.70	1094.25	0.536 times
18 Mon Mar 2024	1112.40	1111.15	1120.00	1091.00	1.173 times
15 Fri Mar 2024	1119.20	1115.00	1130.40	1099.55	0.487 times
14 Thu Mar 2024	1113.60	1103.25	1127.55	1097.20	0.538 times
13 Wed Mar 2024	1128.00	1154.95	1164.00	1117.50	1.52 times
12 Tue Mar 2024	1155.60	1161.45	1164.80	1139.00	0.568 times
11 Mon Mar 2024	1161.15	1178.30	1178.30	1144.00	3.802 times
07 Thu Mar 2024	1178.95	1184.95	1189.15	1173.90	0.468 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1118.2, but if it comes above 1118.2, then a intra day buy could be more profitable.
If you take a sell trade below 1118.2, then use 1118.2 as stoploss and 1080.5 as target. However if you take a buy trade in stock , then use 1118.2 as stoploss and 1149.55 as target.

Share price targets for Bharat Forge (BharatForge)

Target Type	Value
Downside Target	1015.60
Downside Target	1063.40
Downside Target	1087.85
Upside Target	1178.30
Upside Target	1181.00
Upside Target	1194.95
Upside Target	1210.30
Upside Target	1249.00
Upside Target	1298.50
Upside Target	1330.00

Intraday share price targets for Bharat Forge (BharatForge)

Target Type	Value
Downside Intraday Target	1084.03
Downside Intraday Target	1065.52
Upside Intraday Target	1124.88
Upside Intraday Target	1147.22
Upside Intraday Target	1106.37

Weekly technical analysis of Bharat Forge (BharatForge)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	1102.55	1111.15	1128.70	1087.85	0.401 times
15 Fri Mar 2024	1119.20	1178.30	1178.30	1097.20	2.115 times
07 Thu Mar 2024	1178.95	1184.55	1210.30	1149.90	0.749 times
02 Sat Mar 2024	1180.60	1131.25	1194.95	1120.35	1.661 times
23 Fri Feb 2024	1132.60	1157.15	1157.15	1100.00	0.173 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
21 Thu Mar 2024	1102.55	1146.05	1210.30	1087.85	0.466 times
29 Thu Feb 2024	1151.15	1236.00	1330.00	1063.40	1.766 times
31 Wed Jan 2024	1235.20	1249.95	1298.50	1181.00	0.745 times
29 Fri Dec 2023	1238.80	1127.05	1249.00	1124.60	1.247 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 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

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 1137.41 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.