Balu Forge Industries technical analysis
NSE: BALUFORGEBSE: 531112Industrial ProductsSmall Cap
Last close ₹422.05down ₹20.50 (4.63%)BSE ₹421.50
Share price at the NSE close on 23 Oct 2026. Previous close ₹442.55.
52-week range of traded prices to 23 Oct 2026
₹341.05Low, 29 Jan 2026₹667.00High, 16 Dec 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹5,123 Cr752nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 12 Aug 2026
- 19.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.04%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- 20.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- 17.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 30 May 2026
- 0.08
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 5,94,06743.4% delivered
Price, RSI, MACD and Bollinger bands
A year of sessions on adjusted prices, to 23 Oct 2026.Balu Forge Industries share price history
Close with its 50 and 200-day averages
- Close
- 50-day average50-day moving average. The average closing price over the last 50 trading sessions.
- 200-day average200-day moving average. The average closing price over the last 200 trading sessions.
The close is above 0 of its 8 simple moving averages (5 to 200 days) in the table below.
Moving averages, including the 50, 100 and 200 day averages
Adjusted prices, to 23 Oct 2026.
WindowSimple (SMA, DMA)Exponential (EMA)
5 days₹453.09−6.9%
10 days₹467.23−9.7%₹462.90−8.8%
20 days₹484.27−12.8%₹480.42−12.1%
30 days₹494.41−14.6%
50 days₹523.16−19.3%₹496.90−15.1%
100 days₹487.99−13.5%₹497.61−15.2%
150 days₹483.93−12.8%
200 days₹479.46−12.0%₹514.85−18.0%
Beside each average, the close against it: the close divided by the average, less one, in per cent. An exponential average weights recent closes more heavily than older ones.
- Since the 50-day crossed the 200-daySessions since the 50-day average crossed the 200-day. Trading sessions since the 50-day moving average last moved from one side of the 200-day moving average to the other, with the day and the close it happened at.
- 28Above, 10 Sep 2026 at ₹536.65
- 200-day average, 20-session changeSlope of the 200-day average. The 200-day moving average today against its value 20 sessions ago, as a percentage change.
- −2.8%
- Sessions above the 200-day averageSessions above the 200-day average. Of the last 250 sessions that had a 200-day average, how many closed above it.
- 66of the last 250
- Closes above the 20-day averageCloses above the 20-day average, 60 sessions. The percentage of the last 60 sessions that closed above their own 20-day moving average.
- 40%of the last 60 sessions
- Volume-weighted average, 20 daysVolume-weighted average, 20 days. The average close of the last 20 sessions with each weighted by the shares traded that day, so a busy day counts for more.
- ₹485.99
- Hull moving average, 9 daysHull moving average, 9 days. A 9-day average that follows the price closely: a 3-day weighted average of twice the 4-day weighted average less the 9-day one, each weighting the latest close most.
- ₹434.06
- Ichimoku base line, 26 sessionsIchimoku base line, 26 sessions. The midpoint of the highest high and the lowest low of the last 26 sessions.
- ₹473.35
RSI, MACD and other oscillators
Adjusted prices, to 23 Oct 2026.
- RSI, 14 daysRelative strength index, 14 days. A 0 to 100 gauge of recent moves: the average rise over the last 14 sessions as a share of the average rise and the average fall together.28.6
- Money flow index, 14 daysMoney flow index, 14 days. Money traded on days the typical price rose, as a percentage of money traded on days it rose or fell, over the last 14 sessions.40.1
- Stochastic %KStochastic %K, 14 days. Where the close sits in the range of the last 14 sessions, from 0 at the lowest low to 100 at the highest high.4.3
- Stochastic %DStochastic %D. The average of the last three %K readings.5.0
- Stochastic RSIStochastic RSI. Where today's 14-day RSI sits in the range of its own last 14 readings, from 0 at the lowest to 100 at the highest.0.0
- Williams %R, 14 daysWilliams %R, 14 days. How far the close sits below the highest high of the last 14 sessions as a share of their range, from 0 at the high to minus 100 at the low.−95.7
- Ultimate oscillatorUltimate oscillator. A 0 to 100 average of where each close sits in its day's true range, taken over 7, 14 and 28 sessions and weighted 4, 2 and 1.27.0
- ADX, 14 daysAverage directional index, 14 days. A 0 to 100 measure of how much of the last 14 sessions' movement ran one way, whichever way that was.24.9
- Positive directional indicatorPositive directional indicator, 14 days. Rises in the day's high over the last 14 sessions as a percentage of the true range over the same sessions.12.0
- Negative directional indicatorNegative directional indicator, 14 days. Falls in the day's low over the last 14 sessions as a percentage of the true range over the same sessions.36.3
- MACD lineMACD line. The 12-day exponential moving average of the close less the 26-day one, in rupees.
- −19.82In rupees
- MACD signal lineMACD signal line. The 9-day exponential moving average of the MACD line.
- −14.26In rupees
- MACD histogramMACD histogram. The MACD line less its signal line.
- −5.57In rupees
- Awesome oscillatorAwesome oscillator. The 5-day average of each day's midpoint between high and low less the 34-day average of the same, in rupees.
- −45.53In rupees
- Momentum, 10 sessionsMomentum, 10 sessions. The close less the close 10 sessions earlier, in rupees.
- −67.40In rupees
- Bull bear power, 13 daysBull bear power, 13 days. The day's high less the 13-day exponential average of the close, added to the day's low less that same average, in rupees.
- −75.49In rupees
- Commodity channel index, 20 daysCommodity channel index, 20 days. How far the typical price, the average of high, low and close, sits from its 20-day average, in units of 0.015 times its average distance from that average.
- −239.5No fixed range
- Rate of change, 21 sessionsRate of change, 21 sessions. The percentage change in the closing price over the last 21 sessions.
- −16.5%Change in the close
- Rate of change, 125 sessionsRate of change, 125 sessions. The percentage change in the closing price over the last 125 sessions.
- −10.4%Change in the close
Volatility and Bollinger bands
Adjusted prices, to 23 Oct 2026.
Bollinger bands today
Close ₹422.05
Lower bandLower Bollinger band. The 20-day moving average less twice the standard deviation of the last 20 closes.₹437.1120-day average20-day average. The average of the last 20 closes: the middle of the Bollinger bands.₹484.27Upper bandUpper Bollinger band. The 20-day moving average plus twice the standard deviation of the last 20 closes.₹531.43
Twice the spread of the last 20 closes either side of their average.
- Average true rangeAverage true range, 14 days. The average size of a day's price swing over the last 14 sessions, counting any jump from the previous close as part of the swing.
- ₹21.21In rupees, 14 days
- Average true range, % of priceAverage true range as a share of price. The 14-day average true range as a percentage of the close.
- 5.03%Of the close
- Volatility, 20 daysVolatility, 20 days. How widely the share price has swung from day to day over the last 20 sessions, scaled to a year: the standard deviation of daily moves times the square root of 252 trading days.
- 39.6%A year
- Volatility, 30 daysVolatility, 30 days. How widely the share price has swung from day to day over the last 30 sessions, scaled to a year: the standard deviation of daily moves times the square root of 252 trading days.
- 42.6%A year
- Volatility, 60 daysVolatility, 60 days. How widely the share price has swung from day to day over the last 60 sessions, scaled to a year: the standard deviation of daily moves times the square root of 252 trading days.
- 54.9%A year
- Bollinger band widthBollinger band width. The distance between the two Bollinger bands as a percentage of the 20-day average.
- 19.5%Of the 20-day average
- 30-day volatility, place in its yearWhere today's 30-day volatility sits in its year. The percentage of the last 250 sessions on which the 30-day volatility was at or below today's.34%
- Band width, place in its yearWhere today's Bollinger band width sits in its year. The percentage of the last 250 sessions on which the Bollinger band width was at or below today's.56%
- 21-session change, place in its yearWhere today's 21-session price change sits in its year. The percentage of the last 250 sessions on which the 21-session price change was at or below today's.12%
Beta, highs and deepest falls
Against the Nifty 500, to 23 Oct 2026.Balu Forge Industries PE ratio and valuation
Beta against the Nifty 500
- 1 monthBeta, 21 sessions. How far the share's daily return has moved for each 1% move in the Nifty 500's over the last 21 sessions: the covariance of the two over the variance of the index's.1.71
- 3 monthsBeta, 63 sessions. How far the share's daily return has moved for each 1% move in the Nifty 500's over the last 63 sessions: the covariance of the two over the variance of the index's.1.80
- 1 yearBeta, one year. How far the share price has moved, on average, for each 1% move in the Nifty 500, from daily prices over the last year.1.71
1: moves as the Nifty 500 does
Deepest fall from a high
- 1 yearDeepest fall, year. The largest drop from any closing price to a later one within the last year, as a percentage of the earlier price.−45.5%
- Highest close since Apr 2024Highest close since Apr 2024. The highest closing price since Apr 2024, with earlier prices restated for splits and bonuses, and for any demerger of a business, so they compare with today's.
- ₹854.359 Sep 2024, 774 days before 23 Oct 2026
- Correlation, 1 yearCorrelation with the Nifty 500, one year. How closely the share's daily moves have followed the Nifty 500's over the last year, from minus 1 (opposite) through 0 (unrelated) to plus 1 (in step).
- 0.47
Volume, delivery and notable sessions
Volume restated for splits and bonuses, to 23 Oct 2026.
Volume against the 50-session average
- Latest dayVolume against usual, day. The day's shares traded divided by the average of the 50 sessions before it.0.36×
- Latest weekVolume against usual, week. The average shares traded over the last 5 sessions divided by the average of the 50 before them.0.24×
- Latest monthVolume against usual, month. The average shares traded over the last 21 sessions divided by the average of the 50 before them.0.29×
1×: a usual session
- Volume on rising daysVolume on rising days, 20 sessions. Of all shares traded over the last 20 sessions, the percentage traded on sessions that closed higher than the one before.
- 37%of the last 20 sessions' volume
- Volume trend, 20 sessionsVolume trend, 20 sessions. The average shares traded over the last 20 sessions against the 20 before them, as a percentage change.
- −68.1%
- Delivery against usualDelivery against usual. How unusual the day's delivery, the share of trades buyers kept, is against the 60 sessions before it, counted in standard deviations from their average.
- +0.6
- Delivery, last 5 sessionsDelivery, last 5 sessions. Of all the shares traded over the last 5 sessions, the share delivered: each session's delivery weighted by its volume, so a busy session counts for more.
- 46.0%
- Delivery, last 21 sessionsDelivery, last 21 sessions. Of all the shares traded over the last 21 sessions, the share delivered: each session's delivery weighted by its volume, so a busy session counts for more.
- 37.2%
- Price bandPrice band. The furthest the share price may move from the previous close in one day, a limit the exchange sets for each stock.
- 20%₹354.05 to ₹531.05 on 23 Oct 2026
- Impact costImpact cost. How far an order of a standard size moves the price against the person placing it, as a percentage of the price.
- 0.07%
Delivery, last 10 sessions
Delivery. The share of the session's traded shares that were delivered into demat accounts rather than bought and sold again the same day.- 23 Oct43.4%
- 22 Oct38.2%
- 21 Oct52.4%
- 19 Oct49.4%
- 16 Oct43.1%
- 15 Oct33.6%
- 14 Oct29.7%
- 13 Oct22.3%
- 12 Oct44.0%
- 9 Oct40.7%
+37.2%: the last 21 sessions together
- Aug24MonBusiest and largest move16.4× usual volumeup 13.83%
- Aug14FriBusiest and largest move15.4× usual volumeup 10.64%
- Jan29ThuLargest moveup 9.99%
- Jan7WedBusiest and largest move19.4× usual volumedown 11.55%
Of the last 250 sessions: the three with the most shares traded against the 50 sessions before each and the four largest moves of the close, up or down.
Pivot points: support and resistance
On adjusted prices.
For the session after 23 Oct 2026, from that day's open, high, low and close.
Classic levels and the latest close
R3₹468.02
R2₹456.88
R1₹439.47
Pivot₹428.33
S1₹410.92
S2₹399.78
S3₹382.37
Close ₹422.05
| Level | Classic | Woodie | Camarilla | Fibonacci | DeMark |
|---|---|---|---|---|---|
| Resistance 3 (R3) | ₹468.02 | ₹464.88 | ₹429.90 | ₹456.88 | – |
| Resistance 2 (R2) | ₹456.88 | ₹455.31 | ₹427.28 | ₹445.98 | – |
| Resistance 1 (R1) | ₹439.47 | ₹436.33 | ₹424.67 | ₹439.24 | ₹433.90 |
| Pivot point | ₹428.33 | ₹426.76 | ₹428.33 | ₹428.33 | ₹425.55 |
| Support 1 (S1) | ₹410.92 | ₹407.78 | ₹419.43 | ₹417.43 | ₹405.35 |
| Support 2 (S2) | ₹399.78 | ₹398.21 | ₹416.82 | ₹410.69 | – |
| Support 3 (S3) | ₹382.37 | ₹379.23 | ₹414.20 | ₹399.78 | – |
For the coming week, from the sessions of 19 Oct 2026 to 23 Oct 2026: the first open, the highest high, the lowest low and the last close.
Classic levels and the latest close
R3₹533.77
R2₹509.48
R1₹465.77
Pivot₹441.48
S1₹397.77
S2₹373.48
S3₹329.77
Close ₹422.05
| Level | Classic | Woodie | Camarilla | Fibonacci | DeMark |
|---|---|---|---|---|---|
| Resistance 3 (R3) | ₹533.77 | ₹524.05 | ₹440.75 | ₹509.48 | – |
| Resistance 2 (R2) | ₹509.48 | ₹504.63 | ₹434.52 | ₹483.51 | – |
| Resistance 1 (R1) | ₹465.77 | ₹456.05 | ₹428.28 | ₹467.46 | ₹453.63 |
| Pivot point | ₹441.48 | ₹436.63 | ₹441.48 | ₹441.48 | ₹435.41 |
| Support 1 (S1) | ₹397.77 | ₹388.05 | ₹415.82 | ₹415.51 | ₹385.63 |
| Support 2 (S2) | ₹373.48 | ₹368.63 | ₹409.58 | ₹399.46 | – |
| Support 3 (S3) | ₹329.77 | ₹320.05 | ₹403.35 | ₹373.48 | – |
For the coming month, from the sessions of 1 Sep 2026 to 30 Sep 2026: the first open, the highest high, the lowest low and the last close.
Classic levels and the latest close
R3₹767.57
R2₹702.78
R1₹599.57
Pivot₹534.78
S1₹431.57
S2₹366.78
S3₹263.57
Close ₹422.05
| Level | Classic | Woodie | Camarilla | Fibonacci | DeMark |
|---|---|---|---|---|---|
| Resistance 3 (R3) | ₹767.57 | ₹748.35 | ₹542.55 | ₹702.78 | – |
| Resistance 2 (R2) | ₹702.78 | ₹693.18 | ₹527.15 | ₹638.61 | – |
| Resistance 1 (R1) | ₹599.57 | ₹580.35 | ₹511.75 | ₹598.96 | ₹567.18 |
| Pivot point | ₹534.78 | ₹525.18 | ₹534.78 | ₹534.78 | ₹518.59 |
| Support 1 (S1) | ₹431.57 | ₹412.35 | ₹480.95 | ₹470.61 | ₹399.18 |
| Support 2 (S2) | ₹366.78 | ₹357.18 | ₹465.55 | ₹430.96 | – |
| Support 3 (S3) | ₹263.57 | ₹244.35 | ₹450.15 | ₹366.78 | – |
Classic pivot levelsClassic pivot levels. The pivot is the average of the session's high, low and close; each level above and below it adds or takes away a multiple of the session's range.Woodie pivot levelsWoodie pivot levels. The classic levels, with the close counted twice in the pivot.Camarilla pivot levelsCamarilla pivot levels. Levels above and below the close at 1.1 times the session's range divided by 12, 6 and 4.Fibonacci pivot levelsFibonacci pivot levels. Levels above and below the classic pivot at 0.382, 0.618 and 1 times the session's range.DeMark pivot levelsDeMark pivot levels. One level either side of a pivot that also reads the open: the high or the low the session closed towards is counted twice, so a session that closed under its open sets lower levels.
Returns and price ranges
Close to close on adjusted prices. The latest month and year run to 23 Oct 2026.
Last 12 months, per cent
- Return
- Loss
Best month Aug 2026, +43.2%; worst Jan 2026, −30.2%.
Last 10 years, per cent
- Return
- Loss
Low to highLatest close ₹422.05
WindowLowHighChange
1 week−12.2%₹417.20₹485.20
1 month−16.6%₹417.20₹529.00
3 months−2.3%₹417.20₹650.00
6 months−10.4%₹417.20₹650.00
2 years−44.8%₹341.05₹867.70
Lowest low and highest high over each window, on adjusted prices; change is close to close. The last year's range of traded prices is at the top of the page.