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Stock analysis Bharat Forge Limited BHARATFORG

More indepth analysis on MunafaSutra.com

Moving Averages for Bharat Forge Limited

  • 5Day Average: 1266.46
  • 12Day Average: 1217.79
  • 20Day Average: 1190.42
  • 50Day Average: 1160.34
  • 100Day Average: 1191.38
  • 150Day Average: 1153.2
  • 200Day Average: 1108.15

BHARATFORG Indicators & signals

Indicator MACD (12,26,9)

1230.35, 1196.74, 18.84
Indicator MACD is in positive zone

Indicator ADX (14)

31.8, 34.48, 17.84
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BHARATFORG Bharat Forge Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Mon Apr 2024 1282.00 1273.55 to 1316.90 -2.13% 0.77 times
26 Fri Apr 2024 1309.90 1306.35 to 1326.00 -0.15% 0.7 times
25 Thu Apr 2024 1311.85 1237.20 to 1325.90 7.35% 4.16 times
24 Wed Apr 2024 1222.00 1209.05 to 1231.00 1.28% 0.83 times
23 Tue Apr 2024 1206.55 1194.75 to 1212.00 0.17% 0.31 times
22 Mon Apr 2024 1204.50 1197.15 to 1215.00 0.96% 0.49 times
19 Fri Apr 2024 1193.10 1158.10 to 1196.30 0.58% 0.51 times
18 Thu Apr 2024 1186.20 1174.40 to 1196.80 0.47% 0.68 times
16 Tue Apr 2024 1180.65 1162.50 to 1189.60 0.88% 0.93 times
15 Mon Apr 2024 1170.30 1155.00 to 1176.50 0.11% 0.76 times
12 Fri Apr 2024 1169.05 1163.00 to 1187.00 -0.71% 0.63 times
10 Wed Apr 2024 1177.40 1150.00 to 1183.55 2.5% 0.69 times

Technical analysis forecast of Bharat Forge Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Bharat Forge Limited BHARATFORG at this time. Stock is rising and might rise more.

It appears as if Bharat Forge Limited BHARATFORG gave a large move recently.

Stock of Bharat Forge Limited (BHARATFORG) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Bharat Forge Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Bharat Forge Limited stays above 1258.9, but if it comes below 1258.9, then a intra day sell could be more profitable.
If you take a sell trade below 1258.9, then use 1258.9 as stoploss and 1206.61 as target. However if you take a buy trade in Bharat Forge Limited, then use 1258.9 as stoploss and 1321.6 as target.

More indepth analysis on MunafaSutra.com