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Stock analysis Balaxi Ventures Limited BALAXI

More indepth analysis on MunafaSutra.com

Moving Averages for Balaxi Ventures Limited

  • 5Day Average: 573.63
  • 12Day Average: 571.82
  • 20Day Average: 541.39
  • 50Day Average: 552.84
  • 100Day Average: 492.16
  • 150Day Average: 473.15
  • 200Day Average: 477.63

BALAXI Indicators & signals

Indicator MACD (12,26,9)

564.75, 551.68, 8.82
Indicator MACD is in positive zone

Indicator ADX (14)

10.99, 19.88, 15.94
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
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
18 Thu Apr 2024 579.80 560.95 to 594.10 0.25% 1.57 times
16 Tue Apr 2024 578.35 569.95 to 587.25 1.5% 1.43 times
15 Mon Apr 2024 569.80 551.20 to 579.95 -0.62% 1.27 times
12 Fri Apr 2024 573.35 567.00 to 577.45 1.15% 1.4 times
10 Wed Apr 2024 566.85 561.10 to 577.05 -1.32% 0.44 times
09 Tue Apr 2024 574.45 570.90 to 597.95 -1.86% 1.15 times
08 Mon Apr 2024 585.35 560.00 to 594.95 3.07% 1.12 times
05 Fri Apr 2024 567.90 562.05 to 583.05 -1.67% 0.48 times
04 Thu Apr 2024 577.55 567.15 to 582.00 0.03% 0.45 times
03 Wed Apr 2024 577.35 560.10 to 581.00 1.63% 0.97 times
02 Tue Apr 2024 568.10 536.00 to 580.00 4.62% 1.29 times
01 Mon Apr 2024 543.00 490.30 to 548.00 9.49% 2.23 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 594.9 as stoploss in an intra day sell trade for a target of 555.96. However, stock will show a bullish move above 594.9.

More indepth analysis on MunafaSutra.com