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Stock analysis Balaxi Ventures Limited BALAXI

More indepth analysis on MunafaSutra.com

Moving Averages for Balaxi Ventures Limited

  • 5Day Average: 108.71
  • 12Day Average: 109.65
  • 20Day Average: 112.93
  • 50Day Average: 214.86
  • 100Day Average: 388.28
  • 150Day Average: 422.11
  • 200Day Average: 422.78

BALAXI Indicators & signals

Indicator MACD (12,26,9)

110.81, 134.93, -32.84
Indicator MACD is in negative zone

Indicator ADX (14)

40.34, 14.82, 34.86
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BALAXI Balaxi Ventures Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Jul 2024 110.73 107.91 to 112.81 1.64% 1 times
25 Thu Jul 2024 108.94 107.00 to 110.28 -0.24% 0.47 times
24 Wed Jul 2024 109.20 107.35 to 110.61 1.72% 0.48 times
23 Tue Jul 2024 107.35 104.70 to 108.00 0% 0.77 times
23 Tue Jul 2024 107.35 104.70 to 108.00 2.72% 0.77 times
22 Mon Jul 2024 104.51 104.00 to 111.68 -2.21% 1.87 times
19 Fri Jul 2024 106.87 106.40 to 112.40 -2.33% 1.08 times
18 Thu Jul 2024 109.42 106.60 to 114.98 0.67% 1.22 times
16 Tue Jul 2024 108.69 107.80 to 113.00 -1.6% 0.8 times
15 Mon Jul 2024 110.46 109.00 to 117.08 -3.49% 1.5 times
12 Fri Jul 2024 114.45 112.81 to 118.40 -2.84% 1.04 times
11 Thu Jul 2024 117.79 111.23 to 119.99 4.19% 1.4 times

Technical analysis forecast for Balaxi Ventures 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 Balaxi Ventures Limited BALAXI at this time. Stock is falling and might fall more.

It appears as if Balaxi Ventures Limited BALAXI gave a large move recently.

Stock of Balaxi Ventures Limited (BALAXI) 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...

Although my analysis for Balaxi Ventures Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 109.6, for a target of 115.7 or 120.73

More indepth analysis on MunafaSutra.com