Stock analysis Balu Forge Industries Ltd BALUFORGE
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Recent prices of BALUFORGE Balu Forge Industries Ltd are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 15 Wed Jan 2025 | 675.80 | 659.00 to 703.45 | -2.38% | 0.81 times |
| 14 Tue Jan 2025 | 692.25 | 636.30 to 701.00 | 7.95% | 1.01 times |
| 13 Mon Jan 2025 | 641.25 | 631.60 to 713.60 | 0% | 1.85 times |
| 13 Mon Jan 2025 | 641.25 | 631.60 to 713.60 | -8.65% | 1.85 times |
| 10 Fri Jan 2025 | 702.00 | 691.00 to 753.30 | -5.52% | 1.62 times |
| 09 Thu Jan 2025 | 743.05 | 734.60 to 752.00 | 0.26% | 0.34 times |
| 08 Wed Jan 2025 | 741.10 | 739.05 to 759.95 | -2.21% | 0.4 times |
| 07 Tue Jan 2025 | 757.85 | 741.95 to 767.90 | 2.42% | 0.52 times |
| 06 Mon Jan 2025 | 739.95 | 733.20 to 783.85 | -4.95% | 0.92 times |
| 03 Fri Jan 2025 | 778.50 | 775.15 to 798.10 | -1.52% | 0.62 times |
| 02 Thu Jan 2025 | 790.55 | 785.70 to 817.90 | 0.05% | 0.86 times |
| 01 Wed Jan 2025 | 790.15 | 783.15 to 798.90 | -0.13% | 0.44 times |
Technical analysis forecast for Balu Forge Industries Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Balu Forge Industries Ltd BALUFORGE at this time. Stock is falling and might fall more.
It appears as if Balu Forge Industries Ltd BALUFORGE gave a large move recently.
Stock of Balu Forge Industries Ltd (BALUFORGE) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Balu Forge Industries Ltd is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Balu Forge Industries Ltd stays below 683.3, but if it comes above 683.3, then a intra day buy could be more profitable.
If you take a sell trade below 683.3, then use 683.3 as stoploss and 625.3 as target. However if you take a buy trade in Balu Forge Industries Ltd, then use 683.3 as stoploss and 731.64 as target.