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Stock analysis Balkrishna Industries Limited BALKRISIND

More indepth analysis on MunafaSutra.com

Moving Averages for Balkrishna Industries Limited

  • 5Day Average: 2423.52
  • 12Day Average: 2382.37
  • 20Day Average: 2386.43
  • 50Day Average: 2322.93
  • 100Day Average: 2421.16
  • 150Day Average: 2470.53
  • 200Day Average: 2457.89

BALKRISIND Indicators & signals

Indicator MACD (12,26,9)

2400.27, 2373.63, 18.24
Indicator MACD is in positive zone

Indicator ADX (14)

26.31, 24.86, 14.5
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 63
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BALKRISIND Balkrishna Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 2455.35 2423.00 to 2474.50 -0.21% 1.18 times
02 Thu May 2024 2460.55 2427.15 to 2467.00 1.26% 0.67 times
30 Tue Apr 2024 2429.90 2398.00 to 2478.00 1.41% 1.37 times
29 Mon Apr 2024 2396.00 2362.10 to 2410.00 0.85% 0.99 times
26 Fri Apr 2024 2375.80 2360.70 to 2401.55 -0.63% 0.96 times
25 Thu Apr 2024 2390.75 2312.55 to 2405.00 2.49% 1.55 times
24 Wed Apr 2024 2332.70 2311.00 to 2349.95 -0.53% 1.26 times
23 Tue Apr 2024 2345.15 2332.50 to 2379.90 -0.94% 1.57 times
22 Mon Apr 2024 2367.35 2341.25 to 2392.15 0.81% 0.39 times
19 Fri Apr 2024 2348.40 2265.30 to 2355.70 0.6% 0.59 times
18 Thu Apr 2024 2334.35 2326.25 to 2389.20 -0.75% 0.65 times
16 Tue Apr 2024 2352.10 2345.00 to 2394.95 -1.48% 0.4 times

Technical analysis forecast of Balkrishna Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Balkrishna Industries Limited BALKRISIND at this time. Stock is rising and might rise more.

It appears as if Balkrishna Industries Limited BALKRISIND gave a large move recently.

Stock of Balkrishna Industries Limited (BALKRISIND) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Balkrishna Industries Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Balkrishna Industries Limited stays above 2424.6, but if it comes below 2424.6, then a intra day sell could be more profitable.
If you take a sell trade below 2424.6, then use 2424.6 as stoploss and 2382.24 as target. However if you take a buy trade in Balkrishna Industries Limited, then use 2424.6 as stoploss and 2475.5 as target.

More indepth analysis on MunafaSutra.com