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(BALUFORGE) Balu Forge complete technical analysis [charts+indicators] | Buy/Sell Balu Forge | (BALUFORGE) share price targets

Complete technical analysis of Balu Forge (BALUFORGE) by charts plus indicators, forecast predictions and share price targets for Balu Forge (BALUFORGE)

Showing technical analysis as on 2025-01-30 View latest technical analysis

10 day averaged volume of Balu Forge is 531984

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	562.35	602.65	602.65	557.35	1.499 times
29 Wed Jan 2025	596.55	540.00	610.00	538.40	2.011 times
28 Tue Jan 2025	538.40	592.00	610.00	512.85	1.752 times
27 Mon Jan 2025	584.00	625.70	625.70	554.50	1.509 times
24 Fri Jan 2025	625.65	651.00	659.45	621.80	0.732 times
23 Thu Jan 2025	649.05	653.80	678.00	647.00	0.85 times
22 Wed Jan 2025	653.80	699.50	699.50	627.45	1.324 times
21 Tue Jan 2025	696.15	711.20	715.00	692.50	0.361 times
20 Mon Jan 2025	703.75	709.60	716.00	690.90	0.428 times
17 Fri Jan 2025	705.95	699.80	725.00	695.00	0.445 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 609.2, but if it comes above 609.2, then a intra day buy could be more profitable.
If you take a sell trade below 609.2, then use 609.2 as stoploss and 530.8 as target. However if you take a buy trade in stock , then use 609.2 as stoploss and 674.58 as target.

Share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Target	512.85
Upside Target	621.80
Upside Target	669.50
Upside Target	691.00
Upside Target	711.30
Upside Target	783.85
Upside Target	817.90
Upside Target	821.00
Upside Target	867.70
Upside Target	873.90
Upside Target	886.95

Intraday share price targets for Balu Forge (BALUFORGE)

Target Type	Value
Downside Intraday Target	508.23
Downside Intraday Target	454.12
Upside Intraday Target	621.08
Upside Intraday Target	679.82
Upside Intraday Target	566.97

Weekly technical analysis of Balu Forge (BALUFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	562.35	625.70	625.70	512.85	1.832 times
24 Fri Jan 2025	625.65	709.60	716.00	621.80	1.009 times
17 Fri Jan 2025	705.95	685.20	727.10	631.60	1.343 times
10 Fri Jan 2025	702.00	783.75	783.85	691.00	0.879 times
03 Fri Jan 2025	778.50	742.45	817.90	738.10	1.325 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Balu Forge (BALUFORGE)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	562.35	791.00	817.90	512.85	0.709 times
31 Tue Dec 2024	791.20	744.25	867.70	732.50	1.686 times
29 Fri Nov 2024	744.25	756.50	821.00	711.30	0.595 times
31 Thu Oct 2024	750.30	781.95	873.90	669.50	0.642 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 Balu Forge (BALUFORGE)

Price action analysis of Balu Forge ( (BALUFORGE) ) 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 Balu Forge ( (BALUFORGE) ) 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 Balu Forge ( (BALUFORGE) ) 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 Balu Forge stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Balu Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Balu Forge in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Balu 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 605.73 and Balu Forge (BALUFORGE) 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 Balu Forge (BALUFORGE) stock. Volume based technical analysis of Balu Forge (BALUFORGE) stock is negative.

Balu 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.