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Stock analysis Balaxi Ventures Limited BALAXI

More indepth analysis on MunafaSutra.com

Moving Averages for Balaxi Ventures Limited

  • 5Day Average: 637.54
  • 12Day Average: 615.97
  • 20Day Average: 602.95
  • 50Day Average: 562.88
  • 100Day Average: 527.96
  • 150Day Average: 493.43
  • 200Day Average: 486.33

BALAXI Indicators & signals

Indicator MACD (12,26,9)

621.09, 599.7, 16.9
Indicator MACD is in positive zone

Indicator ADX (14)

56.72, 26.52, 7.32
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
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
17 Fri May 2024 648.60 645.00 to 677.90 -3.23% 2.1 times
16 Thu May 2024 670.25 636.05 to 679.00 5.05% 2.43 times
15 Wed May 2024 638.05 604.75 to 665.00 4.49% 2.01 times
14 Tue May 2024 610.65 602.05 to 628.90 -1.53% 0.43 times
13 Mon May 2024 620.15 579.80 to 634.40 3.42% 1.46 times
10 Fri May 2024 599.65 592.05 to 614.60 -0.54% 0.86 times
09 Thu May 2024 602.90 590.00 to 614.75 0.97% 1.26 times
08 Wed May 2024 597.10 579.95 to 604.70 0.2% 0.43 times
07 Tue May 2024 595.90 590.10 to 610.20 -1.74% 0.32 times
06 Mon May 2024 606.45 595.15 to 624.95 1.23% 0.48 times
03 Fri May 2024 599.10 593.50 to 605.10 -0.61% 0.32 times
02 Thu May 2024 602.80 598.65 to 616.70 -1.42% 0.46 times

Technical analysis forecast of Balaxi Ventures 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 Balaxi Ventures Limited BALAXI at this time. Stock is rising and might rise more.

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

Stock of Balaxi Ventures Limited (BALAXI) 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 Balaxi Ventures Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Balaxi Ventures Limited stays above 633.2, but if it comes below 633.2, then a intra day sell could be more profitable.
If you take a sell trade below 633.2, then use 633.2 as stoploss and 607.6 as target. However if you take a buy trade in Balaxi Ventures Limited, then use 633.2 as stoploss and 663.9 as target.

More indepth analysis on MunafaSutra.com