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Stock analysis Balkrishna Paper BALKRISHNA

More indepth analysis on MunafaSutra.com

Moving Averages for Balkrishna Paper

  • 5Day Average: 26.09
  • 12Day Average: 25.27
  • 20Day Average: 25.62
  • 50Day Average: 32.18
  • 100Day Average: 31.95
  • 150Day Average: 30.75
  • 200Day Average: 29.78

BALKRISHNA Indicators & signals

Indicator MACD (12,26,9)

25.84, 27.33, -2.08
Indicator MACD is in negative zone

Indicator ADX (14)

5.36, 21.81, 24.28
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
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
19 Wed Jun 2024 25.89 25.75 to 27.20 0.39% 0.54 times
18 Tue Jun 2024 25.79 25.16 to 26.92 -1.86% 0.63 times
14 Fri Jun 2024 26.28 26.20 to 27.29 0.23% 1.65 times
13 Thu Jun 2024 26.22 26.07 to 26.84 -0.11% 0.59 times
12 Wed Jun 2024 26.25 26.01 to 26.80 -0.08% 0.71 times
11 Tue Jun 2024 26.27 25.54 to 27.54 2.02% 0.97 times
10 Mon Jun 2024 25.75 24.81 to 26.90 3.62% 1.18 times
07 Fri Jun 2024 24.85 24.25 to 25.95 2.47% 0.51 times
06 Thu Jun 2024 24.25 23.85 to 25.85 -4.15% 0.8 times
05 Wed Jun 2024 25.30 20.35 to 25.35 19.62% 1.69 times
04 Tue Jun 2024 21.15 20.60 to 25.75 -16.07% 1.27 times
03 Mon Jun 2024 25.20 24.60 to 26.35 0.4% 0.47 times

Technical analysis forecast for Balkrishna Paper 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 Balkrishna Paper BALKRISHNA at this time. Stock is falling and might fall more.

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

Stock of Balkrishna Paper (BALKRISHNA) 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...

My analysis of Balkrishna Paper is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 25.3 as stoploss in an intra day buy trade for a target of 26.56. However, stock will show a bearish move below 25.3.

More indepth analysis on MunafaSutra.com