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Stock analysis Bharat Forge Limited BHARATFORG

More indepth analysis on MunafaSutra.com

Moving Averages for Bharat Forge Limited

  • 5Day Average: 1120.38
  • 12Day Average: 1119.76
  • 20Day Average: 1142.37
  • 50Day Average: 1173.06
  • 100Day Average: 1168.94
  • 150Day Average: 1139.04
  • 200Day Average: 1073.46

BHARATFORG Indicators & signals

Indicator MACD (12,26,9)

1126.06, 1141.89, -16.5
Indicator MACD is in negative zone

Indicator ADX (14)

21.11, 15.57, 23.9
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
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
28 Thu Mar 2024 1129.60 1103.50 to 1135.20 1.66% 1.05 times
27 Wed Mar 2024 1111.20 1107.25 to 1143.05 -1.68% 1.37 times
26 Tue Mar 2024 1130.15 1127.00 to 1140.95 0.11% 0.55 times
22 Fri Mar 2024 1128.95 1101.30 to 1133.60 2.45% 0.86 times
21 Thu Mar 2024 1102.00 1094.00 to 1122.00 0.85% 1.82 times
20 Wed Mar 2024 1092.70 1088.00 to 1118.60 -1.8% 0.79 times
19 Tue Mar 2024 1112.70 1093.60 to 1133.00 -0.15% 0.63 times
18 Mon Mar 2024 1114.40 1090.30 to 1121.00 -0.46% 0.91 times
15 Fri Mar 2024 1119.50 1099.10 to 1130.65 0.58% 0.76 times
14 Thu Mar 2024 1113.05 1096.70 to 1127.00 -1.24% 1.14 times
13 Wed Mar 2024 1127.00 1115.00 to 1164.45 -2.5% 1.17 times
12 Tue Mar 2024 1155.85 1139.00 to 1170.90 -0.34% 0.71 times

Technical analysis forecast for Bharat Forge Limited 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 Bharat Forge Limited BHARATFORG at this time. Stock is falling and might fall more.

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

Stock of Bharat Forge Limited (BHARATFORG) 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 Bharat Forge Limited is bearish for shortterm, and stock might move down till 1104.1 or till 1066.6. Use a stoploss of 1135.35 and if the stock hits stoploss, then it can shoot up till 1166.58

More indepth analysis on MunafaSutra.com