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Stock analysis Balkrishna Paper BALKRISHNA

More indepth analysis on MunafaSutra.com

Moving Averages for Balkrishna Paper

  • 5Day Average: 24.14
  • 12Day Average: 23.7
  • 20Day Average: 23.91
  • 50Day Average: 24.97
  • 100Day Average: 24.96
  • 150Day Average: 25.85
  • 200Day Average: 28.1

BALKRISHNA Indicators & signals

Indicator MACD (12,26,9)

23.99, 24.13, -0.35
Indicator MACD is in negative zone

Indicator ADX (14)

38.46, 28.57, 12.7
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BALKRISHNA Balkrishna Paper are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Mon Dec 2024 25.44 23.38 to 27.69 6.09% 11.86 times
29 Fri Nov 2024 23.98 23.55 to 24.74 -0.25% 2.03 times
28 Thu Nov 2024 24.04 24.00 to 24.59 0.04% 0.79 times
27 Wed Nov 2024 24.03 23.13 to 24.82 3.53% 1.95 times
26 Tue Nov 2024 23.21 23.11 to 23.76 -0.64% 0.53 times
25 Mon Nov 2024 23.36 23.26 to 23.75 0.21% 0.94 times
22 Fri Nov 2024 23.31 23.12 to 23.93 0% 1.03 times
21 Thu Nov 2024 23.31 23.12 to 23.74 -0.38% 0.97 times
19 Tue Nov 2024 23.40 23.20 to 23.85 -0.34% 0.59 times
18 Mon Nov 2024 23.48 23.20 to 23.99 0.69% 0.84 times
14 Thu Nov 2024 23.32 23.17 to 23.74 -0.89% 0.33 times
13 Wed Nov 2024 23.53 23.00 to 23.99 -1.18% 0.72 times

Technical analysis forecast of Balkrishna Paper 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 Paper BALKRISHNA at this time. Stock is rising and might rise more.

It appears as if Balkrishna Paper BALKRISHNA gave a large move recently.

Stock of Balkrishna Paper (BALKRISHNA) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Balkrishna Paper is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 25.3, for a target of 24.6 or 24.03

More indepth analysis on MunafaSutra.com