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Stock analysis Balaji Telefilms Limited BALAJITELE

More indepth analysis on MunafaSutra.com

Moving Averages for Balaji Telefilms Limited

  • 5Day Average: 66.43
  • 12Day Average: 68.49
  • 20Day Average: 68.62
  • 50Day Average: 68.72
  • 100Day Average: 71.84
  • 150Day Average: 82.3
  • 200Day Average: 80.49

BALAJITELE Indicators & signals

Indicator MACD (12,26,9)

67.48, 68.42, -0.24
Indicator MACD is in negative zone

Indicator ADX (14)

1.87, 22.73, 23.59
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BALAJITELE Balaji Telefilms Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 64.79 60.32 to 66.60 8.51% 1.09 times
18 Mon Nov 2024 59.71 59.25 to 62.90 -14.91% 0.15 times
13 Tue Aug 2024 70.17 67.20 to 72.90 2.48% 2.89 times
12 Mon Aug 2024 68.47 67.12 to 69.35 -0.81% 0.51 times
09 Fri Aug 2024 69.03 68.06 to 71.24 -1.74% 0.5 times
08 Thu Aug 2024 70.25 68.28 to 72.85 2.08% 1.22 times
07 Wed Aug 2024 68.82 67.47 to 70.14 3.27% 0.66 times
06 Tue Aug 2024 66.64 66.11 to 70.53 -0.94% 0.83 times
05 Mon Aug 2024 67.27 67.00 to 71.31 -7.39% 1.06 times
02 Fri Aug 2024 72.64 69.80 to 74.89 3.01% 1.62 times
01 Thu Aug 2024 70.52 70.05 to 74.05 -4.07% 0.55 times
31 Wed Jul 2024 73.51 72.45 to 74.58 1% 0.85 times

Technical analysis forecast for Balaji Telefilms 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 Balaji Telefilms Limited BALAJITELE at this time. Stock is falling and might fall more.

It appears as if Balaji Telefilms Limited BALAJITELE gave a large move recently.

Stock of Balaji Telefilms Limited (BALAJITELE) 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.

My analysis of Balaji Telefilms Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Balaji Telefilms Limited stays below 64.9, but if it comes above 64.9, then a intra day buy could be more profitable.
If you take a sell trade below 64.9, then use 64.9 as stoploss and 60.9 as target. However if you take a buy trade in Balaji Telefilms Limited, then use 64.9 as stoploss and 68.16 as target.

More indepth analysis on MunafaSutra.com