Munafa Balu Forge Industries Ltd (BALUFORGE) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Munafa Balu Forge Industries Ltd (BALUFORGE) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow Balu Forge Industries Ltd intraday tips for today and tomorrow

Balu Forge Industries Ltd (BALUFORGE) Indicator analysis

Moving Averages for Balu Forge Industries Ltd

  • 5Day Average: 735.35
  • 12Day Average: 741.65
  • 20Day Average: 751.16
  • 50Day Average: 762.03
  • 100Day Average: 686.02

BALUFORGE Indicators & signals

Indicator MACD (12,26,9)

743.17, 749.75, -4.68
Indicator MACD is in negative zone

Indicator ADX (14)

17.29, 16.35, 23.19
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

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

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
29 Fri Nov 2024 744.25 726.00 to 752.45 2.79% 0.94 times
28 Thu Nov 2024 724.05 721.00 to 740.00 -1.2% 0.62 times
27 Wed Nov 2024 732.85 726.40 to 736.70 -0.23% 0.49 times
26 Tue Nov 2024 734.55 731.90 to 749.00 -0.88% 0.57 times
25 Mon Nov 2024 741.05 726.60 to 763.85 -0.44% 2.77 times
22 Fri Nov 2024 744.30 732.00 to 763.00 -2.05% 0.86 times
21 Thu Nov 2024 759.90 714.00 to 764.95 1.52% 1.33 times
19 Tue Nov 2024 748.50 745.00 to 768.30 0.08% 0.53 times
18 Mon Nov 2024 747.90 738.30 to 769.00 -0.28% 0.76 times
14 Thu Nov 2024 750.00 717.95 to 755.00 4.75% 1.14 times
13 Wed Nov 2024 716.00 711.30 to 757.60 -5.35% 0.92 times
12 Tue Nov 2024 756.50 749.00 to 787.00 -1.64% 0.75 times

Balu Forge Industries Ltd stock tips (delivery Volume analysis)

Total 5 day volume for Balu Forge Industries Ltd is 2387910, out of which 1286523 went into delivery, which is 53.88 percent of total volumes

Volumes in the last session was 414552, out of which 184004 went into delivery, which is 44.39 percent of total volumes.

Its safe to say that enough delivery is being taken in the stock to conclude that the trend below will continue for a couple of days.

Balu Forge BALUFORGE intraday stock tips

29 Friday November Stock tips for Balu Forge Stock 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...

It appears as if Balu Forge BALUFORGE gave a large move recently.

My analysis of Balu Forge is bearish for shortterm, and stock might move down till 725.7 or till 699.1. Use a stoploss of 747.82 and if the stock hits stoploss, then it can shoot up till 769.95

28 Thursday November Stock tips for Balu Forge Stock 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...

It appears as if Balu Forge BALUFORGE gave a large move recently.

My analysis of Balu Forge is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Balu Forge stays below 726.1, but if it comes above 726.1, then a intra day buy could be more profitable.
If you take a sell trade below 726.1, then use 726.1 as stoploss and 699.5 as target. However if you take a buy trade in Balu Forge, then use 726.1 as stoploss and 748.2 as target.

27 Wednesday November Stock tips for Balu Forge Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Balu Forge BALUFORGE gave a large move recently.

My analysis of Balu Forge is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 729 as stoploss in an intra day buy trade for a target of 750.74. However, stock will show a bearish move below 729.

26 Tuesday November Stock tips for Balu Forge Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Balu Forge BALUFORGE gave a large move recently.

My analysis of Balu Forge is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 731 as stoploss in an intra day buy trade for a target of 752.62. However, stock will show a bearish move below 731.

25 Monday November Stock tips for Balu Forge Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Balu Forge BALUFORGE gave a large move recently.

My analysis of Balu Forge is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 729.9 as stoploss in an intra day buy trade for a target of 754.52. However, stock will show a bearish move below 729.9.

22 Friday November Stock tips for Balu Forge Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Balu Forge BALUFORGE gave a large move recently.

My analysis of Balu Forge is bearish for shortterm, and stock might move down till 731.3 or till 701.8. Use a stoploss of 755.94 and if the stock hits stoploss, then it can shoot up till 780.56

21 Thursday November Stock tips for Balu Forge (BALUFORGE) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Balu Forge BALUFORGE gave a large move recently.

My analysis of Balu Forge is bullish for shortterm, and stock might move up till 782 or till 811.7. Use a stoploss of 757.16 and if this stock hits its stoploss, then it can fall down till 732.35

Balu Forge BALUFORGE tips for tomorrow

Tomorrow's movement Prediction of Balu Forge BALUFORGE appears strongly Bullish. This stock started moving upwards as soon as it opened. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue tomorrow as well.

Munafa value: 65

 Munafa value: 65

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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Munafa Balu Forge Industries Ltd (BALUFORGE) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

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Munafa Balu Forge Industries Ltd (BALUFORGE) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

 

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